Technical & Trade View


Trade VieW

  • Bias: Bullish Above Bearish below .8190/60


  • Primary support is .8190/60

  • Primary upside objective .8400 Weekly Trendline

  • Next pattern confirmation, acceptance above .8285

  • Failure below .8150 opens a test of .8100

  • 20 Day VWAP bullish, 5 Day VWAP bullish

Institutional Insights

  • Analysts at Credit Agricole note ‘The RBNZ’s aggressive tightening cycle will see NZ lead the rest of the G10 into an economic slowdown, and falling dairy  prices  on  the  back  of  a  weak  China  economy  are  seeing  the  NZD  underperform.  The  re-opening  of  the international border will be a positive for the coming 3M. Soft economic landings locally and internationally will improve the NZD’s prospects over the coming 6-12M’