Goldman Sachs have put out an entire (technical analysis) report on the kiwi $, with multiple charts, all on the NZD!
11 charts in total:
- NZDUSD weekly … Potential double top in place against highs?..
- NZDUSD Monthly … Double top like pattern worked before…
- NZDUSD Daily – Has traded quite –vely over the past week… (“-vely” is “negatively”, in case you’re wondering)
- NZDUSD 1-mth Implied Vol. – Stands right against big support…
- AUDNZD Monthly – One of the most watched crosses…
- AUDNZD Daily – Near perfect 76.4% retrace against cycle low…
- NZDCAD Mthly – USDCAD should rally, but CAD out-perform?..
- NZDNOK – Holds multi-year channel/equality resistance?..
- NZDSEK – Again holds multi-year channel/poss. projection?..
- NZDJPY Monthly – Not at all time highs, but notable resistance?..
- NZD/Broad Index – Attempting to lose upward momentum?..
You can probably guess from the titles which way the technical analyst is leaning in this case.
Here’s chart #3:
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The RBNZ announces their interest rate decision tomorrow – I posted on it yesterday (and a few more times before that). I’m looking for a hike on July 24.