Confirming you are not from the U.S. or the Philippines

By giving this statement, I explicitly declare and confirm that:
  • I am not a U.S. citizen or resident
  • I am not a resident of the Philippines
  • I do not directly or indirectly own more than 10% of shares/voting rights/interest of the U.S. residents and/or do not control U.S. citizens or residents by other means
  • I am not under the direct or indirect ownership of more than 10% of shares/voting rights/interest and/or under the control of U.S. citizen or resident exercised by other means
  • I am not affiliated with U.S. citizens or residents in terms of Section 1504(a) of FATCA
  • I am aware of my liability for making a false declaration.
For the purposes of this statement, all U.S. dependent countries and territories are equalled to the main territory of the USA. I accept full responsibility for the accuracy of this declaration and commit to personally address and resolve any claims or issues that may arise from a breach of this statement.
Cancel Confirm
We are dedicated to your privacy and the security of your personal information. We only collect emails to provide special offers and important information about our products and services. By submitting your email address, you agree to receive such letters from us. If you want to unsubscribe or have any questions or concerns, write to our Customer Support.
Confirm
Octa trading broker Sign up Log in
Octa trading broker
Open trading account
Trading news
Back
7 Dec 2021

NZD/USD Price Analysis: Ignores oversold RSI to aim for 0.6700

  • NZD/USD pares intraday losses after downtick to refresh 13-month low.
  • Sustained trading below 15-week-old horizontal line, monthly descending resistance keeps sellers hopeful.
  • Downward sloping support line from March offers key support ahead of late 2020 lows.

NZD/USD licks its wounds around 0.6750, following a brief decline to refresh multi-day low during early Tuesday.

The oversold RSI conditions favor the latest corrective pullback. However, bearish MACD signals and the pair’s failures to cross the 0.6860-65 resistance confluence, including a horizontal line from late August and a descending trend line from November 09, challenge buyers.

Ahead of the key 0.6865 resistance, the 10-DMA level surrounding 0.6805 can probe the NZD/USD rebound. If at all the pair buyers manage to cross the 0.6865 hurdle, a run-up to the 0.6900 round figure and then to the mid-November swing high near 0.7080 can’t be ruled out.

On the contrary, the latest multi-month bottom of 0.6736 will precede a downward sloping trend line from March 25, around 0.6700, to challenge the NZD/USD sellers.

Should NZD/USD bears dominate past-0.6700, lows marked during November and October of 2020, respectively around 0.6590 and 0.6550 will be in focus.

NZD/USD: Daily chart

Trend: Further weakness expected

 

Dec 7, 2021

China’s Nov Trade Balance: Surplus shrinks amid a massive surge in imports, exports disappoint

China's Trade Balance for November, in Yuan terms, came in at CNY460.68 billion versus CNY372.23 billion expected and CNY545.90 billion last. The expo
Read more Previous
Dec 7, 2021

China Trade Balance CNY above forecasts (372.23B) in November: Actual (460.68B)

China Trade Balance CNY above forecasts (372.23B) in November: Actual (460.68B)
Read more Next