18 Feb 2015
NZD/USD bulls popping up for air
FXStreet (Guatemala) - NZD/USD is currently trading at 0.7533 with a high of 0.7549 and a low of 0.7530.
NZD/USD was bid on the news that came overnight in New Zealand's Fonterra dairy auction prices. These arrives positive again at +10.1% and the NZD/USD spiked to 0.7555 from 0.7526 but this was short-lived before a grind sideways occurred with a bearish bias ahead of new bis that take us to where we are trading in early Asia.
Technically, the pair trades below key 0.7680 resistance and only a breach of this level will give some oxygen to the bulls who have been swimming in mirky waters on the longer term charts. 0.72 comes in as psychological support.
NZD/USD was bid on the news that came overnight in New Zealand's Fonterra dairy auction prices. These arrives positive again at +10.1% and the NZD/USD spiked to 0.7555 from 0.7526 but this was short-lived before a grind sideways occurred with a bearish bias ahead of new bis that take us to where we are trading in early Asia.
Technically, the pair trades below key 0.7680 resistance and only a breach of this level will give some oxygen to the bulls who have been swimming in mirky waters on the longer term charts. 0.72 comes in as psychological support.