OctaFX | OctaFX Forex Broker
Open trading account
Back

NZD/USD weighed upon by dairy woes

FXStreet (Guatemala) - NZD/USD is trading at 0.7783, down -0.04% on the day, having posted a daily high at 0.7790 and low at 0.7775.

NZD/USD remains in negative territory as global markets are shunning the commodity currencies since the end of last week and further more, in particular to the kiwi, the diary sector took another blow with GDT-TWI prices falling. Meanwhile, the hourly FXStreet OB/OS Index is showing neutral conditions, alongside the FXStreet Trend Index which is slightly bearish.

NZD/USD noteworthy levels

Spot is presently trading at 0.7784, and next resistance can be seen at 0.7793 (Daily Classic PP) and 0.7821 (Hourly 100 SMA). Support below can be found at 0.7775 and 0.7765.

GDT dairy prices collapse, Kiwi heaviness to prevail - ANZ

ANZ reviews the latest GDT dairy auction from Wednesday, in which we saw prices collapse once again.
Read more Previous

USD/CAD: Upside breaks to allow 1.1280 - JPMorgan

Niall O'Connor, FX Strategist at JP Morgan, notes an important setup for USD/CAD as the rally extends above key resistance in the 1.1100/25 area.
Read more Next
Start livechat