OctaFX | OctaFX Forex Broker
Open trading account
Back

NZD/USD holds above 0.83, RBNZ main focus

FXStreet (Bali) - NZD/USD is presently in a consolidation pattern around 0.8320, having recovered off 0.8270 lows last Friday, in response to a weaker-than-expected US NFP, which may seen as an opportunity to sell the pair at better value levels.

According to Jim Langlands, Founder at FXCharts: "The 100 WMA is right here at the 0.8300 pivot and could well continue to act as a magnate over the next few sessions."

On the fundamental space, the focus for the coming week, as Jim notes, "will be on Thursday’s RBNZ meeting, at which no change is expected following the recent hikes, but traders will be paying close attention to the Policy Statement/ Press Conference at which there will most likely be another attempt to talk the Kiwi lower."

AUD/USD slightly weaker at Tokyo open

AUD/USD enters the open of Tokyo oer 10-15 pips lower than its NY close, currently at 0.9365 after a close at 0.9378, with the US Dollar generally stronger across the FX board, a dominant theme that continues.
Read more Previous

NZ manufacturing sector to make neutral contribution to Q2 GDP - ANZ

Following a weak manufacturing sales (Q2) in New Zealand, coming at -0.7% vs 0.2% last, Mark Smith, Senior Economist at ANZ, notes that the manufacturing sector is set to make a broadly neutral contribution to Q2 GDP.
Read more Next
Start livechat