27 Jan 2014
NZD/USD hits 3-week lows under 0.8200
FXstreet.com (Córdoba) - The NZD/USD continues to be under pressure early in Asia and recently fell to 0.8195, hitting the lowest price since January 3. Afterwards rebounded rising back above 0.8200 but continues to move with a short-term bearish bias.
On the coming days, volatility con go from low to high, considering that the Federal Reserve will announce its monetary policy decision on Wednesday and the RBNZ on Thursday.
At the moment of writing, the NZD/USD is trading at 0.8210, down 0.40% for the day, and headed for the fifth consecutive daily loss. The pair has remained weak and under pressure amid global risk aversion. On Friday posted the second weekly decline in a row and the lowest close since late December.
On the coming days, volatility con go from low to high, considering that the Federal Reserve will announce its monetary policy decision on Wednesday and the RBNZ on Thursday.
At the moment of writing, the NZD/USD is trading at 0.8210, down 0.40% for the day, and headed for the fifth consecutive daily loss. The pair has remained weak and under pressure amid global risk aversion. On Friday posted the second weekly decline in a row and the lowest close since late December.