Know. 100-day MA and swing highs approached in NZDUSD
NZDUSD heading towards a resistance band
The NZDUSD rose earlier in the day after the Bank of China announced it would reduce reserve requirements.
Technically, the price broke above its 100 hourly moving average (blue line in the chart above) and found additional upward momentum.
The initial high price at the start of the European session rose to test the 100-day moving average (high blue line at 0.6260), but pulled back slightly. The rally from the corrective low has moved back towards this key 100-day moving average. The highest price reached 0.62593. The 100 day moving average
Moving average
A moving average is a statistical tool used to smooth short-term fluctuations in data and reveal longer-term trends. It is calculated by taking the average of a number of data points over a specific period of time and then plotting that average as a line on a graph. The most common types of moving averages are simple moving averages (SMA) and exponential moving averages (EMA). In financial markets, moving averages are often used to analyze stock prices, exchange rates, etc.
A moving average is a statistical tool used to smooth short-term fluctuations in data and reveal longer-term trends. It is calculated by taking the average of a number of data points over a specific period of time and then plotting that average as a line on a graph. The most common types of moving averages are simple moving averages (SMA) and exponential moving averages (EMA). In financial markets, moving averages are often used to analyze stock prices, exchange rates, etc.
Read this term is at 0.62603. In addition, the nearly 100-day moving average is a swing zone between 0.6250 and 0.62639, and the high prices from the start of this week.
Needless to say there is some key resistance up to 0.62639. A break above would increase the bearish bias.
Of course, resistance is resistance for a reason. Past highs and the 100-day MA see sellers near the zone as risk can be defined as limited risk relative to the zone. If price locks in the rally again, a move back towards the 50% midpoint of the February trading range at 0.6236. Move below this level and a rotation lower cannot be ruled out. The 100 hourly moving averages are up and currently at 0.62079.
Lower interest rates contributed to the increase. American two-year-olds yield
Yield
A yield represents the income generated by an investment or security over a certain period of time. Returns are usually displayed in percentage terms and come in the form of interest or dividends received. These figures do not include price changes, which separate them from the total return. Therefore, a yield applies to various stated rates of return on stocks, fixed income instruments such as bonds, and other types of investment products. Returns can be calculated as a ratio or as a
A yield represents the income generated by an investment or security over a certain period of time. Returns are usually displayed in percentage terms and come in the form of interest or dividends received. These figures do not include price changes, which separate them from the total return. Therefore, a yield applies to various stated rates of return on stocks, fixed income instruments such as bonds, and other types of investment products. Returns can be calculated as a ratio or as a
Read this term is now down nearly 21 basis points at 3.9208%. The 10-year yield is down 20 basis points to 3.3838%. This is approaching yesterday’s trade low at 3.369%. The price then rallied to a high of 3.59%.
The probability of a 25 basis point hike next week is now 71% while 29% expect no rate change.
The possibility of risk flows not manifesting does not help the currency. So far that hasn’t happened, but US equities are now near lows with the Dow Industrial Average down -165 points or -1.44%. The S&P is down -53 points or -1.36% and the NASDAQ index is down -140 points or -1.20%.
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