Thurs 15th December 2022

Today, Our Daily Currency Strength Weakness Video will focus on:

  • EURNZD
  • NZDUSD

Charts Provided by Charles Clifton

Daily Analysis By Jon Kibbler

EURNZD- NZD Weakness Enters The Market

In today’s currency strength analysis video we identify the NZD weakness entering the market on the tables.

The EUR is S1 and NZD is W1 on the day traders tables. 

Fundamentally today the ECB is set to announce a rate hike from 2.00% to 2.50%.

The NZD could weaken significantly as most NZD pairs are at major levels of support or resistance.

Technical Observations

  • The EUR is S1 and NZD is W1 on the day traders table. 
  • Price is trading above Daily 200 Moving Average.
  • The pair found support at the bearish channel lows around 1.6500.
  • Currently the price is at the bearish channel highs, a break of this would open opportunities to trade to the next level of resistance.
  • Day traders could look out for short term retracement moves within the channel.

Stay up to date LIVE 27/4 Trading Calendar HERE