The primary trend of NZD/USD is bearish, the pair has given
a breakout of falling trendline & prices are successfully sustaining below
the breakout level. It has formed a bearish flag in its hourly chart, which is
expected to give a breakout at downside. If the pair sustains below 0.7310 levels, it can come down to the levels of 0.7250/0.7200.
MACD is successfully sustaining below
the zero line indicating the bearish sentiment in the market.
RSI is also supporting the same.
STRATEGY:- For Today NZD/USD
is looking weak on chart. We can expect downside movement for few
upcoming session. One can go for sell on higher level strategy for this pair
for intra day to mid term positions.
TODAY’S
ECONOMIC EVENTS
|
Date
THU JAN
29th
2015
|
Time (GMT)
|
Currency
|
Economic
Data
|
Forecast
|
Previous
|
|
12:30am
|
AUD
|
Import Prices q/q
|
1.5%
|
-0.8%
|
|
|
07:00:00
|
GBP
|
Nationwide HPI m/m
|
0.4%
|
0.2%
|
|
|
|
All Day
|
EUR
|
German Prelim CPI m/m
|
-0.8%
|
0.0%
|
|
|
8:55am
|
EUR
|
German Unemployment Change
|
-9K
|
-27K
|
|
|
9:00am
|
EUR
|
M3 Money Supply y/y
|
3.6%
|
3.1%
|
|
|
|
EUR
|
Private Loans y/y
|
-0.5%
|
-0.9%
|
|
|
Tentative
|
EUR
|
Italian 10-y Bond Auction
|
|
1.89|1.3
|
|
|
11:00am
|
GBP
|
CBI Realized Sales
|
31
|
61
|
|
|
1:30pm
|
USD
|
Unemployment Claims
|
301K
|
307K
|
|
|
3:00pm
|
USD
|
Pending Home Sales m/m
|
0.6%
|
0.8%
|
|
|
3:30pm
|
USD
|
Natural Gas Storage
|
-113B
|
-216B
|
|
|
9:45pm
|
NZD
|
Building Consents m/m
|
|
10.0%
|
|
|
|
NZD
|
Visitor Arrivals m/m
|
|
3.1%
|
|
|
11:30pm
|
JPY
|
Household Spending y/y
|
-2.3%
|
-2.5%
|
|
|
|
JPY
|
Tokyo Core CPI y/y
|
2.2%
|
2.3%
|
|
|
|
JPY
|
National Core CPI y/y
|
2.6%
|
2.7%
|
|
|
|
JPY
|
Unemployment Rate
|
3.5%
|
3.5%
|
|
|
11:50pm
|
JPY
|
Prelim Industrial Production m/m
|
1.3%
|
-0.5%
|
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