Site map
العربية Български 中文 Čeština English Français Deutsch हिन्दी Bahasa Indonesia Italiano Bahasa Malay اردو Polski Português Română Русский Srpski Slovenský Español ไทย Nederlands Українська Vietnamese বাংলা Ўзбекча O'zbekcha Қазақша

InstaForex Client Area

  • Personal settings
  • Access to all InstaForex services
  • Detailed statistics and reports on trades
  • Full range of financial transactions
  • System of managing several accounts
  • Maximum data protection

InstaForex Partner Area

  • Full information on clients and commissions
  • Graphic statistics on accounts and clicks
  • Webmaster instruments
  • Ready-made web solutions and wide range of banners
  • High data protection level
  • Company's news, RSS feeds, and forex informers
Register account
Affiliate Program
cabinet icon

Another Lamborghini from InstaForex!Maybe it will be you who will take the keys!

Just make a deposit of at least $1,000 to your account!

Get the best trading conditions and attractive bonus offers! We have already given 6 legendary sports cars! But it does not stop there! The next Lamborghini Huracan of the latest generation may be yours!

InstaForex – invest in your victories!

Instant account opening

Get a letter of instructions
toolbar icon

Trading Platform

For mobile devices

For trading via browser

InstaForex Bonuses

InstaForex Bonuses

NZD/USD has been quite bearish with the momentum recently which suddenly got certain bullish pressure yesterday which is expected to lead to a short-term retracement towards the 0.68-0.69 area in the coming days.

NZD has been quite positive with the recent economic report of FPI increasing from 0.0% to 0.5% which helped the currency to gain momentum against USD in the process. Though USD has been struggling to sustain the momentum due to the recent worse NFP report and ongoing Trade Wars.

On the USD side, the recent published high impact economic reports were quite mixed and were not enough to support the sustainability of the bearish pressure in the pair. Today, USD Import Price report is going to be published which is expected to decrease to 0.1% from the previous value of 0.6%, Prelim UoM Consumer Sentiment is expected to slightly decrease to 98.1 from the previous figure of 98.2 and Revised UoM Inflation Expectations report is at 3.0% where no forecast has been made on this so far.

As of the current scenario, USD is expected to lose momentum due to worse economic forecasts and if the actual follows the expectation then USD is expected to lose some more grounds against NZD in the process, but the weakness is expected to be quite short-term as next week, certain high impact reports of USD like Retail Sales are going to be published.

Now let us look at the technical side. The price has been quite volatile with the bearish pressure recently which did lead to break below 0.68 with a daily close. As of the recent Bullish Divergence in place, the price has already reacted to it well and is expected to push again towards the resistance area of 0.68-0.69 before showing further bearish pressure in the future. As the price remains below the 0.68-0.69 area, the bearish bias is expected to continue.

Exchange Rates 13.07.2018 analysis

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

Performed by Rocky Yaman,
Analytical expert
InstaForex Group © 2007-2018
Benefit from analysts’ recommendations right now
Top up trading account
Get a bonus from InstaForex

InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.