11 Aug 2015
NZD/USD: challenging 0.66 handle ahead of data
FXStreet (Guatemala) - NZD/USD is currently trading at 0.6610 with a high of 0.6627 and a low of 0.6606.
NZD/USD remains on the 0.66 handle and probes 0.6620 as it consolidates the minor recovery from 0.6560 territory while the greenback was for the most part has been on the back-foot in the US session while Lockhart was unwilling to commit to September this time around.
From the calendar, we have card sales in NZ coming up in the next hour. For the US, US Retails Sales will be highly key while Producer Price's and in Michigan Sentiment follow this week. Next week we have CPI's and Fed minutes which will be key drivers in the pair as we progress through month in the lead up to a possible lift off from the FOMC.
NZD/USD remains below key resistances
0.6780 remains as key up-side target with 0.6720/38 coming as first major resistance while the 28th of July shooting star highs remain a technical barrier. A score to 0.7080 will close the bearish gap of early June trade.
NZD/USD remains on the 0.66 handle and probes 0.6620 as it consolidates the minor recovery from 0.6560 territory while the greenback was for the most part has been on the back-foot in the US session while Lockhart was unwilling to commit to September this time around.
From the calendar, we have card sales in NZ coming up in the next hour. For the US, US Retails Sales will be highly key while Producer Price's and in Michigan Sentiment follow this week. Next week we have CPI's and Fed minutes which will be key drivers in the pair as we progress through month in the lead up to a possible lift off from the FOMC.
NZD/USD remains below key resistances
0.6780 remains as key up-side target with 0.6720/38 coming as first major resistance while the 28th of July shooting star highs remain a technical barrier. A score to 0.7080 will close the bearish gap of early June trade.