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Risk-taking made Kiwi the top boss last week.

Will the same economic themes move the comdoll this week?

Here’s a list of potential catalysts you should know about:

Lower tier reports

Market risk sentiment

  • As seen in last week’s price action, updates on COVID-19 vaccines and stimulus efforts made by governments will influence NZD’s intraweek trends
  • Manufacturing reports from the major economies will paint a picture of post-lockdown global economic recovery
  • Closely watched reports from Australia and China can also affect Kiwi’s intraday or even intraweek price action
  • The U.S. NFP report will affect NZD/USD’s trading and maybe take the rest of NZD’s pairs with it

Technical snapshot

  • Bollinger Bands are flagging NZD/USD’s “overbought” conditions on the daily time frame
  • NZD may also reach overbought status against JPY and EUR
NZD Forex Pairs Bollinger Band from MarketMilk
NZD Forex Pairs Bollinger Band from MarketMilk
  • SMAs show Kiwi’s bullish trends against most of its major counterparts
  • Watch out for retracement and reversal opportunities on AUD/NZD and EUR/NZD
NZD Forex Pairs SMAs from MarketMilk
NZD Forex Pairs SMAs from MarketMilk
  • NZD has seen the most volatility against the safe havens and CAD in the last seven days
NZD Forex Pairs Volatility from MarketMilk
NZD Forex Pairs Volatility from MarketMilk

Missed last week’s price action? Read NZD’s price recap for August 24 – 28!