OctaFX | OctaFX Forex Broker
Open trading account
Back

NZD/USD blasts through previous session lows as support at 0.8140 folds

FXstreet.com (Barcelona) - The Kiwi is trading sharply lower during Asia trade, knifing through the previous day low of 0.8140 and currently trading down another 40 pips at 0.8115 last.

Earlier in the session, NZD PPI Input was released which printed 0.8% vs.0.2% forecast. The release did not seem to have much of an influence on the pair at the time. Economic data in the US session will be limited to the Michigan Consumer Confidence data and the CB Leading Indicator.

The FXStreet.com Trend Index remains in slightly bearish set up on the 4 hour chart, while the OB/OS index remains oversold. Initial resistance now sits at 0.8140 (previous support, now resistance), followed by 0.8169 (the 20 dma on 1 hour chart). First support now sits at 0.8100 (weekly support), followed by 0.8050 (also weekly support).

AUD/USD, selling euphoria takes rate below 0.98

The Australian selling hysteria continues at full steam during the Asia hours. This time offer came out of nowhere pushing the exchange rate from 0.9820 to break new year lows at 0.9780.
Read more Previous

China: CB Leading Economic Index (Apr): 1.5 vs 0

Read more Next
Start livechat