Editorial & Advertiser Disclosure Global Banking And Finance Review is an independent publisher which offers News, information, Analysis, Opinion, Press Releases, Reviews, Research reports covering various economies, industries, products, services and companies. The content available on globalbankingandfinance.com is sourced by a mixture of different methods which is not limited to content produced and supplied by various staff writers, journalists, freelancers, individuals, organizations, companies, PR agencies Sponsored Posts etc. The information available on this website is purely for educational and informational purposes only. We cannot guarantee the accuracy or applicability of any of the information provided at globalbankingandfinance.com with respect to your individual or personal circumstances. Please seek professional advice from a qualified professional before making any financial decisions. Globalbankingandfinance.com also links to various third party websites and we cannot guarantee the accuracy or applicability of the information provided by third party websites. Links from various articles on our site to third party websites are a mixture of non-sponsored links and sponsored links. Only a very small fraction of the links which point to external websites are affiliate links. Some of the links which you may click on our website may link to various products and services from our partners who may compensate us if you buy a service or product or fill a form or install an app. This will not incur additional cost to you. A very few articles on our website are sponsored posts or paid advertorials. These are marked as sponsored posts at the bottom of each post. For avoidance of any doubts and to make it easier for you to differentiate sponsored or non-sponsored articles or links, you may consider all articles on our site or all links to external websites as sponsored . Please note that some of the services or products which we talk about carry a high level of risk and may not be suitable for everyone. These may be complex services or products and we request the readers to consider this purely from an educational standpoint. The information provided on this website is general in nature. Global Banking & Finance Review expressly disclaims any liability without any limitation which may arise directly or indirectly from the use of such information.


NZD/USD traded higher during last week along with AUD/USD, as the market is expecting China to overcome hurdles and increase the prospects of stimulus. The pair climbed to new 2 1/2 year high of 0.8697 last Friday. However, the pair is trading a touch lower today after the release of ANZ Business Confidence.

ANZ Business Confidence

In the Asian session, New Zealand’s business confidence was published by ANZ Bank New Zealand Limited. The report highlighted that net 67 percent of firms are optimistic about general prospects, down from last month’s 71 percent. The market was unhappy with the decline, but the fact remains that confidence levels are still elevated. The report mentioned that the “confidence across all the major subsectors is now north of +50 – that’s a sign of a broad-based expansion, as opposed to an upswing dominated by a few pockets of the economy”. NZDUSD pair traded a touch lower after the release, but the impact should be limited in the short term.


NZDUSD extended the upside movement during last week, and challenged 0.8700 physiological level. There is a channel forming on the 4 hour timeframe with resistance around recent 0.8695 high. As of writing, the pair is flirting with 0.8640 support level, which also represents the March 18, 2014 high. This level can hold the downside in the pair for now. A break and close below the mentioned spike level might open the doors for further downside acceleration towards the channel support zone. 50 simple moving average is also moving along the channel support zone, which signifies the importance of channel.


On the upside, 0.8695 and 0.8700 levels remain key resistance area for the pair. If buyers succeed in pushing the pair higher, then a test of 0.8780 level might be on the cards. There is a divergence noted on the RSI, which is an early-warning sign.

Prepared by Aayush Jindal, Chief Technical Analyst at Capital Trust Markets

NZDUSD STRUGGLING POST ANZ BUSINESS CONFIDENCE 3To keep yourself updated with the latest financial news, visit the official website of Capital Trust Markets

Capital Trust Markets is an online Forex brokerage firm, headquartered in New Zealand. It was established in 2013, with an emphasis on providing the most excellent customer services in the industry. The trading environment offered to investors and traders is unparalleled – devoid of all common mistakes usually prevalent in the financial trading industry. The focused determination to provide the highest quality products, services, and support to clients and customers is what truly sets Capital Trust Markets apart from every other major brokerage firm.