OctaFX | OctaFX Forex Broker
Open trading account
Back

NZD/USD consolidates near year lows

FXStreet (Bali) - The Kiwi continues to consolidate near year lows, currently being paid at $0.8065, with the US Dollar bulls struggling to make further progress even since Sept 23 when a temporary bottom was found at the 0.8040/45 level, with three failed attempts so far.

According to Jim Langlands, Founder at FXCharts: "On the downside, bids will again be seen at 0.8050 (4 Feb low) and then at today’s session low at 0.8038. A break of that would see 0.8000 come under fire, below which would see a run to the Fibo support at 0.7985 (76.4% of 0.7670-0.8839) and then the channel base at 0.7970. Resistance is seen at 0.8090 (minor) and above there at the 100/200 HMA’s at 0.8110 and at 0.8130."

GBP/JPY on a better foot forward

GBP/JPY is trading at 178.34, up 0.10% on the day, having posted a daily high at 178.40 and low at 178.03.
Read more Previous

AUD/USD ticking lower ahead of Stevens

AUD/USD is trading at 0.8863, down -0.25% on the day, having posted a daily high at 0.8887 and low at 0.8855.
Read more Next
Start livechat