{"id":6116,"date":"2023-10-13T11:48:48","date_gmt":"2023-10-13T03:48:48","guid":{"rendered":"https:\/\/www.umtradings.com\/?p=5186"},"modified":"2023-10-26T06:11:05","modified_gmt":"2023-10-26T06:11:05","slug":"focus-on-eur-nzd-today-13th-october-2023","status":"publish","type":"post","link":"https:\/\/www.umtradings.com\/it\/focus-on-eur-nzd-today-13th-october-2023\/","title":{"rendered":"Focus on EUR\/NZD Today \u2013 13th October 2023\u00a0"},"content":{"rendered":"<div class=\"wp-block-post-date has-text-color has-black-color has-medium-font-size\"><time datetime=\"2023-10-13T11:48:48+00:00\"><a href=\"https:\/\/www.umtradings.com\/it\/focus-on-eur-nzd-today-13th-october-2023\/\">October 13, 2023<\/a><\/time><\/div>\n\n\n<div style=\"color:#ddd\" class=\"wp-block-genesis-blocks-gb-spacer gb-block-spacer gb-divider-solid gb-divider-size-1\"><hr style=\"height:30px\"\/><\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Comprehensive EUR\/NZD Analysis for October 13, 2023<\/strong><\/h2>\n\n\n\n<p class=\"has-medium-font-size\">In this comprehensive analysis, Ultima Markets brings you an insightful breakdown of the EUR\/NZD for 13th October 2023.&nbsp;<\/p>\n\n\n\n<p>U.S. CPI Rose: U.S. CPI rose for the second consecutive month in&#8230;..<\/p>\n\n\n\n<div style=\"color:#ddd\" class=\"wp-block-genesis-blocks-gb-spacer gb-block-spacer gb-divider-solid gb-divider-size-1\"><hr style=\"height:30px\"\/><\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Key Takeaways&nbsp;<\/strong><\/h2>\n\n\n\n\n<ul class=\"wp-block-list\">\n<li class=\"has-medium-font-size\"><strong><a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2023-10-12\/us-core-cpi-posts-second-straight-monthly-increase-of-0-3\" target=\"_blank\" rel=\"noopener nofollow\" title=\"Read More On the US CPI RISING\">U.S. CPI Rose<\/a><\/strong>: U.S. CPI rose for the second consecutive month in September, which may support the Federal Reserve\u2019s intention to keep interest rates higher for a longer period of time.&nbsp;<\/li>\n\n\n\n<li class=\"has-medium-font-size\"><a href=\"https:\/\/tradingeconomics.com\/new-zealand\/manufacturing-pmi\" target=\"_blank\" rel=\"noopener nofollow\" title=\"Click Here for New Zealand Manufacturing PMI\"><strong>New Zealand Manufacturing Index<\/strong><\/a>: New Zealand\u2019s manufacturing performance index continued to decline in September, with the index in September being 45.3, compared with the previous value of 46.1. It highlights that New Zealand&#8217;s manufacturing industry remains sluggish.&nbsp;<\/li>\n\n\n\n<li class=\"has-medium-font-size\"><a href=\"https:\/\/www.thestar.com.my\/business\/business-news\/2023\/10\/05\/rbnz-holds-rates-hints-at-staying-high-for-longer\" target=\"_blank\" rel=\"noopener nofollow\" title=\"Click Here to View the News\"><strong>Speech by the chairman of the RBNZ<\/strong><\/a>: Governor Adrian Orr recently stated that the RBNZ interest rates need to remain tight in the foreseeable future. This lowered previous market expectations that the RBNZ would keep interest rates unchanged in November.&nbsp;<\/li>\n<\/ul>\n\n\n\n\n<div style=\"color:#ddd\" class=\"wp-block-genesis-blocks-gb-spacer gb-block-spacer gb-divider-solid gb-divider-size-1\"><hr style=\"height:30px\"\/><\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>EUR\/NZD Technical Analysis&nbsp;<\/strong><\/h2>\n\n\n\n<div style=\"color:#ddd\" class=\"wp-block-genesis-blocks-gb-spacer gb-block-spacer gb-divider-solid gb-divider-size-1\"><hr style=\"height:30px\"\/><\/div>\n\n\n\n<h3 class=\"wp-block-heading has-text-align-center has-black-color has-text-color\"><strong><em>EUR\/NZD Daily Chart Insights<\/em><\/strong><\/h3>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img decoding=\"async\" src=\"https:\/\/www.umtradings.com\/wp-content\/uploads\/2023\/10\/1-17.png\" alt=\"EUR\/NZD Daily Chart Insights By Ultima Markets MT4\" class=\"wp-image-5195\"\/><\/figure>\n<\/div>\n\n\n<ul class=\"wp-block-list\">\n<li class=\"has-medium-font-size\"><strong>Price action<\/strong>: The price finally breakthrough pin bar above. As analyzed on Wednesday, the market will most likely start a bullish trend this week, and is about to form a \u201cW-shaped\u201d bottom structure.&nbsp;<\/li>\n\n\n\n<li class=\"has-medium-font-size\"><strong>Moving average<\/strong>: From the perspective of moving average technical indicators, the exchange rate was eventually blocked and rebounded on the 240-day moving average. The 33-day and 63-day moving average is near the resistance area of 1.78238. There is a certain probability that the exchange rate will be blocked and adjusted today.&nbsp;<\/li>\n<\/ul>\n\n\n\n<div style=\"color:#ddd\" class=\"wp-block-genesis-blocks-gb-spacer gb-block-spacer gb-divider-solid gb-divider-size-1\"><hr style=\"height:30px\"\/><\/div>\n\n\n\n<h3 class=\"wp-block-heading has-text-align-center has-black-color has-text-color\"><strong><em>EUR\/NZD 4-Hour Chart Analysis<\/em><\/strong><\/h3>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img decoding=\"async\" src=\"https:\/\/www.umtradings.com\/wp-content\/uploads\/2023\/10\/2-14.png\" alt=\"EUR\/NZD 4-Hour Chart Analysis By Ultima Markets MT4\" class=\"wp-image-5196\"\/><\/figure>\n<\/div>\n\n\n<ul class=\"wp-block-list\">\n<li class=\"has-medium-font-size\"><strong>Stochastic Oscillator<\/strong>: Technical indicators show that the market has been seriously overbought, and the market has strong motivation to adjust.&nbsp;<\/li>\n\n\n\n<li class=\"has-medium-font-size\"><strong>Moving average<\/strong>: Above the price is the 200-period moving average. Similar to the daily chart, the combined resistance area will suppress the exchange rate from rising further.&nbsp;<\/li>\n\n\n\n<li class=\"has-medium-font-size\"><strong>Elliot Wave<\/strong>: The rapid rise since yesterday is currently judged to be motive wave 3. After the correction, the exchange rate has a certain probability of stepping back on the upper edge of the upward channel. It is also the moving average support level in the 65 and 33 period areas.&nbsp;<\/li>\n<\/ul>\n\n\n\n<div style=\"color:#ddd\" class=\"wp-block-genesis-blocks-gb-spacer gb-block-spacer gb-divider-solid gb-divider-size-1\"><hr style=\"height:30px\"\/><\/div>\n\n\n\n<h3 class=\"wp-block-heading has-text-align-center has-black-color has-text-color\"><strong><em>Pivot Indicator<\/em><\/strong><\/h3>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img decoding=\"async\" src=\"https:\/\/www.umtradings.com\/wp-content\/uploads\/2023\/10\/3-12.png\" alt=\"Pivot Indicator by Ultima Markets MT4\" class=\"wp-image-5197\"\/><\/figure>\n<\/div>\n\n\n<ul class=\"wp-block-list\">\n<li class=\"has-medium-font-size\">According to the <a href=\"https:\/\/www.umtradings.com\/trading\/trading-platforms\/mt4\/\" target=\"_blank\" rel=\"noopener\" title=\"Learn More About Ultima Markets MT4 Here\">pivot indicator in Ultima Markets MT4<\/a>, the central price of the day is established at 1.77224,&nbsp;<\/li>\n\n\n\n<li class=\"has-medium-font-size\"><strong>Bullish Scenario<\/strong>: Bullish sentiment prevails above 1.77224, the first target is 1.78287, the second target is 1.78902.&nbsp;<\/li>\n\n\n\n<li class=\"has-medium-font-size\"><strong>Bearish Outlook<\/strong>: In a bearish scenario below 1.77224, first target 1.76614, second target 1.75563.&nbsp;<\/li>\n<\/ul>\n\n\n\n<div style=\"color:#ddd\" class=\"wp-block-genesis-blocks-gb-spacer gb-block-spacer gb-divider-solid gb-divider-size-1\"><hr style=\"height:30px\"\/><\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Conclusion<\/strong><\/h2>\n\n\n\n\n\n<div style=\"color:#ddd\" class=\"wp-block-genesis-blocks-gb-spacer gb-block-spacer gb-divider-solid gb-divider-size-1\"><hr style=\"height:30px\"\/><\/div>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<p class=\"has-small-font-size\"><strong><em>Legal Documents&nbsp;<\/em><\/strong><\/p>\n\n\n\n<p class=\"has-small-font-size\"><em>Ultima Markets, a trading name of Ultima Markets Ltd, is authorized and regulated by the Financial Services Commission &#8220;FSC&#8221; of Mauritius as an Investment Dealer (Full-Service Dealer, excluding Underwriting) (license No. GB 23201593). The registered office address: 2nd Floor, The Catalyst, 40 Silicon Avenue, Ebene Cybercity, 72201, Mauritius.&nbsp;<\/em><\/p>\n\n\n\n<p class=\"has-small-font-size\"><em><strong>Disclaimer\u202f\u202f&nbsp;<\/strong><\/em><\/p>\n\n\n\n<p class=\"has-small-font-size\"><em>Comments, news, research, analysis, price, and all information contained in the article only serve as general information for readers and do not suggest any advice. Ultima Markets has taken reasonable measures to provide up-to-date information, but cannot guarantee accuracy, and may modify without notice. Ultima Markets will not be responsible for any loss incurred due to the application of the information provided.\u202f<\/em>&nbsp;<\/p>\n\n\n\n<p class=\"has-small-font-size\"><em><strong>Copyright \u00a9 2023 Ultima Markets Ltd. All rights reserved.&nbsp;<\/strong><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Comprehensive EUR\/NZD Analysis for October 13, 2023 In this comprehensive analysis, Ultima Markets brings you an insightful breakdown of the EUR\/NZD for 13th October 2023.&nbsp; U.S. CPI Rose: U.S. CPI rose for the second consecutive month in&#8230;.. Key Takeaways&nbsp; EUR\/NZD Technical Analysis&nbsp; EUR\/NZD Daily Chart Insights EUR\/NZD 4-Hour Chart Analysis Pivot Indicator Conclusion Legal Documents&nbsp; [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":5326,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":[],"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[17,22],"tags":[39],"class_list":["post-6116","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-analysis","category-technical-analysis","tag-eur-nzd"],"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.umtradings.com\/it\/wp-json\/wp\/v2\/posts\/6116","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.umtradings.com\/it\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.umtradings.com\/it\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.umtradings.com\/it\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/www.umtradings.com\/it\/wp-json\/wp\/v2\/comments?post=6116"}],"version-history":[{"count":0,"href":"https:\/\/www.umtradings.com\/it\/wp-json\/wp\/v2\/posts\/6116\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.umtradings.com\/it\/wp-json\/wp\/v2\/media\/5326"}],"wp:attachment":[{"href":"https:\/\/www.umtradings.com\/it\/wp-json\/wp\/v2\/media?parent=6116"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.umtradings.com\/it\/wp-json\/wp\/v2\/categories?post=6116"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.umtradings.com\/it\/wp-json\/wp\/v2\/tags?post=6116"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}