Back
1 Jul 2015
NZD/USD bid ahead of Chinese data
FXStreet (Guatemala) - NZD/USD is currently trading ay 0.6787 with a high of 0.6796 and a low of 0.6762.
NZD/USD is slightly bid. The NZD is supported in the well defined descending channel.
NZD/USD price action
NZD/USD dropped sharply down through the 0.68 psychological figure in Europe and extended Asia's supply from 0.6840 territory that met support post poor domestic data for the bird. The Asian market has so far been supporting the bird and demand driving price up to current levels
NZD/USD live fundamentals
NZD/USD was sold off on the speculation that the RBNZ needs to do more with the OCR. The NZ business conditions and outlook from ANZ justified the cause for concern yesterday and this continued in overnight markets. The numbers for May came in at -2.3 vs 15.7 previous. Today we get Chinese data that could spark off some activity in the bird also while Greece continues to weigh on risky asset classes and riskier currencies such as the bird.
NZD/USD technically bearish
NZD/USD is in recovery of the bearish trend and new lows that have not been traded since June 4th 2010's weekly stick. 0.7200 comes as key range resistance with 0.6780 marking R1 and 0.6880 thereafter to bring the bulls in play.
NZD/USD is slightly bid. The NZD is supported in the well defined descending channel.
NZD/USD price action
NZD/USD dropped sharply down through the 0.68 psychological figure in Europe and extended Asia's supply from 0.6840 territory that met support post poor domestic data for the bird. The Asian market has so far been supporting the bird and demand driving price up to current levels
NZD/USD live fundamentals
NZD/USD was sold off on the speculation that the RBNZ needs to do more with the OCR. The NZ business conditions and outlook from ANZ justified the cause for concern yesterday and this continued in overnight markets. The numbers for May came in at -2.3 vs 15.7 previous. Today we get Chinese data that could spark off some activity in the bird also while Greece continues to weigh on risky asset classes and riskier currencies such as the bird.
NZD/USD technically bearish
NZD/USD is in recovery of the bearish trend and new lows that have not been traded since June 4th 2010's weekly stick. 0.7200 comes as key range resistance with 0.6780 marking R1 and 0.6880 thereafter to bring the bulls in play.