29 Apr 2015
NZD/USD: Less committed Bulls exiting ahead of US events
FXStreet (Guatemala) - NZD/USD is currently trading at 0.7699 with a high of 0.7738 and a low of 0.7692.
NZD/USD bears are pilling in and pushing the bird south through the 0.77 handle on profit taking as we approach the RBNZ and key US data in the day ahead. There are plenty of nerves around the release of the Q1GDP in the US ahead of the Fed. Meanwhile, from NZ today, there have a been a small bundle of data events that have resulted in a mixed outlook.
First, came the trade numbers. New Zealand trade balance (YoY) arrived as $-2.41B, which was above forecasts of $-2.74B in March. The monthly reading also above forecasts $341M in March vs actual at $631M. Then, we have the ANZ business confidence results that printed poorly a 30.2 vs 35.8 previous. Technically, 0.7680 is guarding 0.7634 the pivot and 0.7620 last support for the 0.76 handle.
NZD/USD bears are pilling in and pushing the bird south through the 0.77 handle on profit taking as we approach the RBNZ and key US data in the day ahead. There are plenty of nerves around the release of the Q1GDP in the US ahead of the Fed. Meanwhile, from NZ today, there have a been a small bundle of data events that have resulted in a mixed outlook.
First, came the trade numbers. New Zealand trade balance (YoY) arrived as $-2.41B, which was above forecasts of $-2.74B in March. The monthly reading also above forecasts $341M in March vs actual at $631M. Then, we have the ANZ business confidence results that printed poorly a 30.2 vs 35.8 previous. Technically, 0.7680 is guarding 0.7634 the pivot and 0.7620 last support for the 0.76 handle.