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NZD/USD: Poised To Continue In Its Channel

By Scott BarkleyForexMay 18, 2022 08:39AM ET

www.investing.com/analysis/nzdusd-poised-to-continue-in-its-channel-200624484

By Scott Barkley | May 18, 2022 08:39AM ET

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Bullish

NZD/USD is currently at 0.6357 in a flag pattern that's formed in its channel. IF the pair can break Flag resistance, there should be continuation to the ATR target at 0.6450.

Watch for the bounce there, as well as for any change in USDX direction. The ATR for the pair currently is 90 pips per day and its 180 day average is 77 pips per day.

USDX is currently trying to go Down at the time of this post.

NZD/USD Chart

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1D1W1M6M1Y5YMax

US 30	31,166.0	+68.7	+0.22%
US 500	3,838.9	+13.6	+0.35%
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S&P 500	3,825.33	+39.95	+1.06%
Nasdaq	11,127.84	+99.11	+0.90%
S&P 500 VIX	27.53	+0.00	+0.00%
Dollar Index	104.965	-0.020	-0.02%

Crude Oil WTI	110.38	+1.95	+1.80%
Brent Oil	113.68	+0.18	+0.16%
Natural Gas	5.835	-0.035	-0.60%
Gold	1,811.70	+10.20	+0.57%
Silver	20.023	+0.356	+1.81%
Copper	3.5735	+0.0065	+0.18%
US Soybeans	1,510.50	-48.50	-3.11%

SPDR S&P 500	381.24	+3.99	+1.06%
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Invesco QQQ Trust	282.13	+1.85	+0.66%
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iShares Silver	18.31	-0.33	-1.77%
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Apple	138.93	+2.21	+1.62%
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Amazon.com	109.56	+3.35	+3.15%
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Meta Platforms	160.03	-1.22	-0.76%
Bank of America	31.56	+0.43	+1.38%

	Interest Rates	Next Meeting
FED	1.75%	Jul 27, 2022
ECB	0.00%	Jul 21, 2022
BOE	1.25%	Aug 04, 2022
SNB	-0.25%	Sep 22, 2022
RBA	0.85%	Jul 05, 2022
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RBNZ	2.00%	Jul 13, 2022
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CBR	9.50%	Jul 22, 2022
RBI	4.90%	Aug 04, 2022
PBOC	3.70%
BCB	13.25%	Aug 03, 2022

NZD/USD: Poised To Continue In Its Channel

Bullish

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