OctaFX | OctaFX Forex Broker
Open trading account
Back

Flash: NZD/USD further weakness possible this week - BNZ

FXstreet.com (Barcelona) - Mike Jones, Currency Strategist at BNZ, believes that despite the recent decline in NZD/USD, the overall bullish picture for the longer term has not changed much in his view.

Nevertheless, he continues to note that for this week, further weakness is possible. He continues to add, “Despite positive NZD/USD fundamentals, negative momentum (our momentum model went short at 0.8361) and a bearish technical picture (following the break of key support at 0.8080) have the upper hand.”

USD/JPY starts week sharply lower, support at 102.00 eyed

The USD/JPY finished the week on a strong note, closing up 95 pips at 103.15.
Read more Previous

Silver market collapses in early Asia

The Silver market is being completely slaughter at the open of Asia, when liquidity is the poorest with only New Zealand and Australian markets open.
Read more Next
Start livechat