5 Aug 2015
NZD/USD supported ahead of key jobs data
FXStreet (Guatemala) - NZD/USD is currently trading at 0.6544 with a high 0.6546 and a low of 0.6537.
On the short term stick,s NZD/USD is better offered from a losing spell overnight in the late NTY session when Lockhart drove the greenback higher across the board when he said that September could be an appropriate time for a hike. This, coming from a usual voting dove gave markets a clues that September was a likely scenario for the Fed to hike rates and hence the dollar charged full steam ahead. From the calendar, the GDT price arrived in at -9.3% and we now await the unemployment rate and jobs data.
Nonfarm Payrolls numbers this week
Register to the live coverage and trade the NonFarm Payrolls with Bednarik, Pinkert and Elam. We are Forex!
NZD/USD could drop to 0.59 end-2016
0.6720 is an upside level that if broken with convincing closes, a correction could be under way while otherwise 0.6600 comes a psychological resistance ahead of 0.6680 To the downside, 0.6550 (July 22, 24 low) has been penetrated and we are now en route for 0.6497/0.6505. According to strategists at TD Securities, the pair could fall towards the 0.59 area by the end of 2016.
On the short term stick,s NZD/USD is better offered from a losing spell overnight in the late NTY session when Lockhart drove the greenback higher across the board when he said that September could be an appropriate time for a hike. This, coming from a usual voting dove gave markets a clues that September was a likely scenario for the Fed to hike rates and hence the dollar charged full steam ahead. From the calendar, the GDT price arrived in at -9.3% and we now await the unemployment rate and jobs data.
Nonfarm Payrolls numbers this week
Register to the live coverage and trade the NonFarm Payrolls with Bednarik, Pinkert and Elam. We are Forex!
NZD/USD could drop to 0.59 end-2016
0.6720 is an upside level that if broken with convincing closes, a correction could be under way while otherwise 0.6600 comes a psychological resistance ahead of 0.6680 To the downside, 0.6550 (July 22, 24 low) has been penetrated and we are now en route for 0.6497/0.6505. According to strategists at TD Securities, the pair could fall towards the 0.59 area by the end of 2016.