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New Zealand Dollar Time Cycle: NZD/USD, NZD/JPY, NZD/CHF Key Levels
The New Zealand Dollar’s 24% surge from the lows of March may prove to be the start of a prolonged period of strength against its US Dollar counterpart, as the break above long-term trend resistance hints a cyclical upturn is afoot. The chart above highlights the cyclical nature seen in NZD/USD rates over the past 26 years, with the currency pair largely adhering to what appears to be an 8-year rotation. It has set significant bottoms in late 2000, early 2009 and mid-2015. Bullish RSI divergence in late 2000 seemed to signal the end of the New Zealand Dollar’s five-year decline from the November 1996 high ... (full story)