8 Jul 2015
NZD/USD, bid after FOMC but is a sell on rallies
FXStreet (Guatemala) - NZD/USD is currently trading at 0.6738 with a high of 0.6750 and a low of 0.6621.
NZD/USD has been supported at 0.6720 with runs through 0.6740/50 meeting tentative supply despite a soft dollar on fed timings and potential setbacks.
NZD/USD price action and technical analyses
NZD/USD has been a bid from the sideways channel lift-off at 0.6660 until 0.6720 resistance that has now turned support when the bird then took flight until 0.6750 supply. 0.6718 was the low, post further attempts at the upside, reaching 0.6742, a lower high as momentum slows. Technically, below 0.72 is a sell on rallies from the double top decending chanel from 0.7720.
NZD/USD fundamentals
The FOMC minutes were not having much market impact on the release but left a less hawkish tone, and coupled with recent data misses, ears and doves are out for the greenback. A number of Fed officials warned against a premature rate rise as Fed officials gave a number of reasons for caution over the outlook. Greece and China were mentioned as key risk factors. Meanwhile, we look ahead to tonights calendar and NZ electronic retail card sales.
NZD/USD has been supported at 0.6720 with runs through 0.6740/50 meeting tentative supply despite a soft dollar on fed timings and potential setbacks.
NZD/USD price action and technical analyses
NZD/USD has been a bid from the sideways channel lift-off at 0.6660 until 0.6720 resistance that has now turned support when the bird then took flight until 0.6750 supply. 0.6718 was the low, post further attempts at the upside, reaching 0.6742, a lower high as momentum slows. Technically, below 0.72 is a sell on rallies from the double top decending chanel from 0.7720.
NZD/USD fundamentals
The FOMC minutes were not having much market impact on the release but left a less hawkish tone, and coupled with recent data misses, ears and doves are out for the greenback. A number of Fed officials warned against a premature rate rise as Fed officials gave a number of reasons for caution over the outlook. Greece and China were mentioned as key risk factors. Meanwhile, we look ahead to tonights calendar and NZ electronic retail card sales.