NZDUSD moves toward the lows for the week/year

The NZDUSD NZD/USD Understanding NZD/USD: A Comprehensive GuideThe NZD/USD is a commonly offered currency pair representing the New Zealand dollar or Kiwi and US dollar. The pair is popular for exposure to a commodity currency, i.e. the NZD, which helps capture the risk appetite of forex traders. Like its Antipodean counterpart, the Australian Dollar, the NZD/USD is seen as a carry trade, due in part to interest rate differentials which favor the NZD. The NZD is the world’s seventh most liquid pair at the time of Understanding NZD/USD: A Comprehensive GuideThe NZD/USD is a commonly offered currency pair representing the New Zealand dollar or Kiwi and US dollar. The pair is popular for exposure to a commodity currency, i.e. the NZD, which helps capture the risk appetite of forex traders. Like its Antipodean counterpart, the Australian Dollar, the NZD/USD is seen as a carry trade, due in part to interest rate differentials which favor the NZD. The NZD is the world’s seventh most liquid pair at the time of Read this Term has retraced its move higher after the FOMC yesterday. It now looks toward the swing lows from Monday and Tuesday at 0.6410. Those levels represent the low for the year and the lowest levels going back to July 2020. A break below would open the downside for more momentum.

The move up after the FOMC rate decision yesterday saw the price move above its 200 hour moving average for the 1st time since April 21. The swing high reached in the Asian session today also briefly breached the 38.2% retracement of the last trend move down from the April 20 high. That level comes in at 0.65638. The high price reached 0.6568 before rotating back to the downside. The inability to break with momentum the 38.2% retracement made the correction a plain-vanilla variety. That is not good enough in the dollar bullish environment seen in 2022.

The subsequent moved to the downside saw traders consolidate the him price around the 200 hour moving average in the London morning session (see green line in the chart above). That MA line was then broken with more momentum, but did stall right near the 100 hour moving average for a brief moment. That MA line has now been broken with more momentum sending the price toward the lows for the year. It would now take a move back above the 100 hour moving average at 0.64598 to give the buyers more hope that he low is in place. Absent that, and the sellers are in firm contro him him l.

Higher rates and sharply lower stocks are a bad combination:

• 10 year yield Yield A yield represents the earnings generated by an investment or security over a certain time period. Yields are typically displayed in percentage terms and are in the form of interest or dividends received from it.These figures do not include the price variations, which separates it from the total return. Consequently, a yield applies to various stated rates of return on stocks, fixed income instruments such as bonds, and other types of investment products.Yields can be calculated as a ratio or as A yield represents the earnings generated by an investment or security over a certain time period. Yields are typically displayed in percentage terms and are in the form of interest or dividends received from it.These figures do not include the price variations, which separates it from the total return. Consequently, a yield applies to various stated rates of return on stocks, fixed income instruments such as bonds, and other types of investment products.Yields can be calculated as a ratio or as Read this Term is trading at a new cycle high at 3.0918%, up 17.7 basis points
• NASDAQ index was down close to 600 points or -4.62% at 12365.10
• The Dow industrial average traded down near 1000 points at 33083

Typically when there is a sharp decline in stocks, there is some relief and flight to safety into US treasuries. That is not the case so far today.