{"id":109376,"date":"2017-07-21T08:30:33","date_gmt":"2017-07-21T12:30:33","guid":{"rendered":"http:\/\/countingpips.com\/?p=109376"},"modified":"2017-07-21T07:07:39","modified_gmt":"2017-07-21T11:07:39","slug":"nzdusd-forex-technical-analysis-new-zealand-dollar-strengthens-with-rising-exports","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2017\/07\/nzdusd-forex-technical-analysis-new-zealand-dollar-strengthens-with-rising-exports\/","title":{"rendered":"NZDUSD: Forex Technical Analysis &#8211; New Zealand dollar strengthens with rising exports"},"content":{"rendered":"<div id=\"inves-3005563663\" class=\"inves-below-title-posts inves-entity-placement\"><div id =\"posts_date_custom\"><div align=\"left\">July 21, 2017<\/div><hr style=\"border: none; border-bottom: 3px solid black;\">\r\n<\/div><\/div><p>By <a href=\"http:\/\/www.ifcmarkets.com\/\" target=\"_blank\" rel=\"noopener\">IFCMarkets<\/a><\/p>\n<p><strong>New Zealand dollar strengthens with rising exports<\/strong><\/p>\n<p>The New Zealand dollar is rising with strong demand of country\u2019s exports. Will the <a href=\"https:\/\/www.ifcmarkets.com\/en\/market-data\/forex-prices\/nzdusd\"> New Zealand dollar <\/a> continue strengthening?<\/p>\n<p>The Reserve Bank of New Zealand kept the official cash rate (OCR) on hold at 1.75% at its June 22 meeting. The bank said the growth outlook remained positive, supported by accommodative monetary policy, strong population growth, and high terms of trade. Statistics New Zealand reported New Zealand&#8217;s merchandise exports rose 8.7%, led by dairy exports, to highest level in more than three years in May. Exports of dairy products to China increased the most in values. Dairy sector remains New Zealand\u2019s biggest export earner accounting for 23.7% of total exports. Imports rose 15%, led by crude oil shipments. Rising exports and import indicate economic strength. Dairy prices rose at latest Global Dairy Trade auction after tow declines as prices started rising since March this year. Chinas economic growth remained at robust 6.9%, within the government\u2019s 6.5% &#8211; 7% target range. Asian economies are forecast to remain among the fastest growing in the world. Asia accounts for more than half of New Zealand\u2019s dairy exports. The outlook for dairy prices and New Zealand\u2019s exports are positive as demand for country\u2019s dairy exports is expected to increase with economic growth in export markets. Expected growth in exports is positive for New Zealand\u2019s currency.<\/p>\n<p style=\"text-align: center; margin-bottom: 20px; margin-top: 20px;\"><img decoding=\"async\" style=\"float: none;\" src=\"https:\/\/www.ifcmarkets.com\/uploads\/images\/NZDUSD_21July2017.png\" alt=\"XAUUSD\" width=\"660px\" \/><\/p>\n<p class=\"emailSummary\">The <b> NZDUSD: D1 <\/b> &gt; has been correcting upward since hitting 12-month low in the beginning of May on the daily chart. The price is above the 50-day moving average MA(50) which is rising.<\/p>\n<ul class=\"emailSummary\">\n<li><a href=\"https:\/\/www.ifcmarkets.com\/en\/ntx-indicators\/parabolic\">Parabolic indicator<\/a> gives a buy signal.<\/li>\n<li>The <b> Donchian channel <\/b> indicates uptrend: it is tilted upward.<\/li>\n<li>The <a href=\"https:\/\/www.ifcmarkets.com\/en\/ntx-indicators\/macd\"> MACD indicator <\/a> is neutral.<\/li>\n<li>The <a href=\"https:\/\/www.ifcmarkets.com\/en\/ntx-indicators\/stochastic\">stochastic oscillator<\/a> has reached the boundary of the overbought zone.<\/li>\n<\/ul>\n<p>We believe the bullish momentum will continue after the price closes above the upper Donchian boundary at 0.7387. A pending order to buy can be placed above that level. The stop loss can be placed below the last fractal low at 0.7262. After placing the order, the stop loss is to be moved every day to the next fractal low, following Parabolic signals. Thus, we are changing the probable profit\/loss ratio to the breakeven point. The most risk-averse traders may switch to the 4-hour chart after the trade and place there a stop-loss moving it in the direction of the trade. If the price meets the stop loss level ($0.7262) without reaching the order ($0.7387), we recommend canceling the position: the market sustains internal changes which were not taken into account.<\/p><div id=\"inves-3147217250\" class=\"inves-in-content inves-entity-placement\"><hr style=\"border: 1px solid #ddd;\">\r\n<div id=\"inpost_ads_header\">\r\n<p style=\"font-size:10px; float:left; color:#666;\">Free Reports:<\/p><\/div>\r\n<div id=\"inpost_ads\"> \r\n<p style=\"font-size:15px; float:left;\"><a href=\"https:\/\/goo.gl\/1ApBOV\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/investmacro.com\/wp-content\/uploads\/2018\/06\/graph_techs_PD.png\" align=\"left\" width=\"80\"  height=\"55\"\/><\/a>\r\n\t     <a href=\"https:\/\/goo.gl\/1ApBOV\"><b><u>Get Our Free Metatrader 4 Indicators<\/u><\/b><\/a> - Put Our Free MetaTrader 4 Custom Indicators on your charts when you join our Weekly Newsletter<\/p><br><br>\r\n<br>\r\n<br>\r\n<p style=\"font-size:15px; float:left;\"><a href=\"https:\/\/goo.gl\/f3RrHX\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/investmacro.com\/wp-content\/uploads\/2019\/01\/cot_pie_80.png\" align=\"left\" width=\"80\"  height=\"55\"\/><\/a>\r\n\t    <a href=\"https:\/\/goo.gl\/f3RrHX\"><b><u>Get our Weekly Commitment of Traders Reports<\/u><\/b><\/a> - See where the biggest traders (Hedge Funds and Commercial Hedgers) are positioned in the futures markets on a weekly basis.<\/p><br><br>\r\n<\/div>\r\n<hr style=\"border: 1px solid #ddd;\">\r\n<br><\/div>\n<h2 class=\"emailSummary\" style=\"margin-top: 15px !important;\">Technical Analysis Summary<\/h2>\n<table style=\"border: solid 1px black;\" cellspacing=\"0\" cellpadding=\"0\" align=\"left\">\n<tbody>\n<tr>\n<td align=\"left\" valign=\"top\"><b>Position<\/b><\/td>\n<td align=\"left\" valign=\"top\">Buy<\/td>\n<\/tr>\n<tr>\n<td align=\"left\" valign=\"top\"><b>Buy stop<\/b><\/td>\n<td align=\"left\" valign=\"top\">Above 0.7387<\/td>\n<\/tr>\n<tr>\n<td align=\"left\" valign=\"top\"><b>Stop loss<\/b><\/td>\n<td align=\"left\" valign=\"top\">Below 0.7262<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>Market Analysis provided by <a href=\"http:\/\/www.ifcmarkets.com\/\" target=\"_blank\" rel=\"noopener\">IFCMarkets<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>By IFCMarkets New Zealand dollar strengthens with rising exports The New Zealand dollar is rising with strong demand of country\u2019s exports. Will the New Zealand dollar continue strengthening? The Reserve Bank of New Zealand kept the official cash rate (OCR) on hold at 1.75% at its June 22 meeting. The bank said the growth outlook [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-109376","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/109376","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/comments?post=109376"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/109376\/revisions"}],"predecessor-version":[{"id":109392,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/109376\/revisions\/109392"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=109376"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=109376"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=109376"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}