NZDUSD Analysis: Falling visitor arrivals in New Zealand bearish for NZDUSD

April 14, 2020

By IFCMarkets

Falling visitor arrivals in New Zealand bearish for NZDUSD

Visitor arrivals dropped in New Zealand in February: it dropped 7.7% after 1.3% decline in January, according to state statistics agency report. This is bearish for NZDUSD.

IndicatorVALUESignal
RSINeutral
MACDSell
Donchian ChannelSell
MA(200)Buy
FractalsNeutral
Parabolic SARSell

 

Summary of technical analysis

OrderSell
Buy stopBelow 0.6075
Stop lossAbove 0.6129

Market Analysis provided by IFCMarkets