27 May 2015
NZD/USD on 0.72 handle pressures are mounting
FXStreet (Guatemala) - NZD/USD is currently trading at 0.7239 with a high of 0.7251 and a low of 0.7216.
NZD/USD is offering two way business for the scalpers on a session that started out digesting the moves in the greenback overnight on the back of supporting data events from the US session which propelled the greenback higher once again. Just recently we have had Fed's Lacker on Reuters suggesting that June would be a good time to begin considering raising interest rates, echoing Yellen's comments on the US session's Friday suggesting that Q1 data is transitory and that inflation will firm up after oil rebounds.
The durable goods were a positive result at 0.5% vs 0.35 expected on -0.2% previous and a number of second tier data, such as Markit PMI's and consumer confidence also printed in the green supporting a rally in the greenback. Later in the week we will have the jobless claims numbers for the US follow and, for NZ, building permits, home sales and ANZ business confidence data are all due.
Technically, NZD/USD has 0.7220 acting as support on May lows while
the March low at 0.7183 and the Feb low at 0.7176 are coming more in to focus on continued weakness. 0.7108 is coming in as 2011 March low as a psychological target.
NZD/USD is offering two way business for the scalpers on a session that started out digesting the moves in the greenback overnight on the back of supporting data events from the US session which propelled the greenback higher once again. Just recently we have had Fed's Lacker on Reuters suggesting that June would be a good time to begin considering raising interest rates, echoing Yellen's comments on the US session's Friday suggesting that Q1 data is transitory and that inflation will firm up after oil rebounds.
The durable goods were a positive result at 0.5% vs 0.35 expected on -0.2% previous and a number of second tier data, such as Markit PMI's and consumer confidence also printed in the green supporting a rally in the greenback. Later in the week we will have the jobless claims numbers for the US follow and, for NZ, building permits, home sales and ANZ business confidence data are all due.
Technically, NZD/USD has 0.7220 acting as support on May lows while
the March low at 0.7183 and the Feb low at 0.7176 are coming more in to focus on continued weakness. 0.7108 is coming in as 2011 March low as a psychological target.