OctaFX | OctaFX Forex Broker
Open trading account

NZD/USD: Selling interest not abating

FXStreet (Bali) - NZD/USD is operating at the lowest since Sept 6 last year, currently at 0.8758, with the pressures not abating in the early going of Asian trading this Monday.

The main event to watch in Asia, which may cause some intraday volatility in the NZD/USD, will be the August’s RBNZ FX transactions, as traders want to find out whether or not there was any intervention by the RBNZ after the impressive 9+ cents drop in the value of the NZD/USD since its peak in July.

Technically, according to Jim Langlands, Founder at FXCharts: "By closing below the major Fibo support (23.6% of 0.4892/0.8835 – weekly chart) support at 0.7913, and breaking back underneath the top of the monthly cloud at 0.7900 there is not a lot to now hold it from heading towards the 24 June 2013 low at 0.7682."

EUR/USD: Biased lower ahead of ECB, NFP - FXStreet

Ahead of the ECB and US NFP later on the week, the EUR/USD short term picture shows the pair still biased lower, notes Valeria Bednarik, Chief Analyst at FXStreet.
Read more Previous

RBNZ’s monthly reserves data an unusual focus in Asia - Westpac

Sean Callow, FX Strategist at Westpac, notes that the main event to keep an eye on during today's Asian session will be the RBNZ’s monthly reserves data for August in order to find out if the Central Bank intervened in the NZD market.
Read more Next
Start livechat