NZD/USD

With the repeated failure to break descending trend-line resistance, coupled with the plunge in post-RBNZ trading, the NZDUSD is more likely re-test 0.7550-40 support zone.

NZDUSD lingering around this upper band in the regression channel started in October. My bias still leans downward.

******
NZD recovering from post RBNZ losses; AUD leaking lower, many analysts expecting RBA rate cut next week, US jobless data at lowest point since 2000
http://www.interest.co.nz/currencies...cting-rba-rate

For me, I am only interesting in the Trade Weighted Index (TWI) chart at the end of the page, which shows the current situation similar to that on 23Jan2015.

Using the same chart on the page, select the corresponding tab for the below respective charts,
For NZD/AUD chart, 3Feb2014 for reference only.
For NZD/JPY chart, 26Nov2013 for reference only.
******


******

Monday, 4May2015, USD Factory Orders (MoM) (MAR) which will make NZD/USD a reversal (NZD/USD will rise).

Tuesday, 5May2015,
USD Trade Balance (MAR) which can be better-than-expected, another reversal (NZD/USD will drop).
AUD Rate Decision (not sure yet but seem to have rate-cut on MAY : some AUS news said so.)
AUD Trade Balance (Australian dollar) (MAR) will be down on this trend. (iron ores price are back to increase starting on April's mid.)

Friday, 8May2015, USD Change in Non-farm Payrolls (APR) can get better as we saw the initial claims and some people leave before April (not join back at least a long period or even forever).

this thingy cannot go up!

Looks like the NZDUSD may have finally made up its mind on direction.

looking to buy next week somewhere between 7495 - 7470

Tuesday, 5May2015, GDT Price Index.

GDT TWI Index tab of Dairy prices chart
http://www.interest.co.nz/charts/com...s/dairy-prices
Current value is about that on 4Nov2014.
******
Monday, 4May2015, USD Factory Orders m/m.
The case of this expected value with the last value looks similar to 2Apr2014.
How much (percentage) is factory orders by Japan PM ABE this time ?
******

Trading on one of volatile NZD pairs with just Elliott Wave and Fibonacci - without indicators or news.
http://www.actionforex.com/markets/d...2010032173360/

Monetary policy speeches : hour(s) between, factory orders, AUS exports(trade balance)
http://www.forexlive.com/EconomicCalendar

1) USD FOMC Member Tarullo Speaks
1 hour
2) Factory Orders (MoM) (Mar)
2 hours 25min
3) USD Chicago Fed President Evans Speaks
2 hours 45min
4) USDFOMC Member Williams Speaks
6 hours 20min
5) AUS Exports (MoM) (Mar)
3 hours
6) AUD Interest Rate Decision (May)
8 hours
7) USD Trade Balance (Mar)
......


******

******

******
The Sheep Deer and Cattle Report
http://www.interest.co.nz/rural-news...-end-deer-herd

NZX milk powder futures point to 5th successive decline in looming GDT auction
https://nz.finance.yahoo.com/news/nz...015700656.html


******

One more test of .7560, the daily EMA50, which has been great resistance, and we're headed down for a third test of .71.

PA did git my buy zone but unfortunately i was not there to take the position

Normally, the lowest at about the time : USD Fed's Lockhart Speaks on Monetary Policy in Louisiana (US session).
I will buy NZD bit by bit today on my own session (Asian session).
As I cannot reach the minimum (the US session).
******

******
NZ unemployment higher than expected at 5.8% in March quarter, unchanged from upwardly revised 5.8%; annual jobs growth strong at 3.2%; participation up to new record high 69.6%
http://www.interest.co.nz/news/75338...ised-58-annual
Some news said 2 rate-cuts this year.
******
The Reserve Bank is rapidly running out of excuses for keeping official interest rates as high as they are
http://www.interest.co.nz/opinion/75...-high-they-are

please also read ASB has led (mentioned in the above page).

please also read the http://www.interest.co.nz/modules/fi...e-document.pngDeutsche Bank.doc at the end of the above page.
It mentioned 2 important dates.

******

Dismal employment figures forces NZDUSD to reverse Tuesday's gains from 100-day SMA resistance.
The pair now seems vulnerable to continue drifting lower to test sub-0.7400 mark support, representing the lower trend-line support of a short-term ascending trend-channel.

The NZDUSD could come down; however, 0.7450-45 could restrict immediate decline of the NZDUSD. On the up-side, 0.7550-55 is an important resistance-zone.

Resistance at 0,77 is still in the game. So it goint to down? Target double bottom 0,7200?

Yes.

******
A Kiwi cow has sold for over €13,000 at auction
https://www.agriland.ie/farming-news...00-at-auction/
******
See all of you tomorrow (Friday, Asian session).

Have nice tradings for all of you!