OctaFX | OctaFX Forex Broker
Open trading account

NZD/USD hits 2-day low

FXStreet (Córdoba) - NZD/USD dropped sharply after US CPI numbers and fell from 0.7970 to 0.7933, reaching the lowest price since Monday. Afterwards the pair bounced to the upside but the recovery was capped by 0.7960.

Currently trades at 0.7945/50, 10 pips below Tuesday’s closing price, as it continues to retreat after climbing yesterday to 0.8036.

NZD/USD technical levels

To the upside, immediate resistance lies at 0.7960 (American session high) and above here at 0.7990 (daily high) and 0.8010/15. To the downside, immediate support could be seen at 0.7930/35 (daily low) and below at 0.7900.

BoC holds interest rate at 1% in October

As widely expected, the Bank of Canada decided to maintain its target for the overnight rate unchanged at 1% at its October monetary policy meeting. The bank rate remained at 1.25% and the deposit rate at 0.75%, respectively.
Read more Previous

EUR/USD makes fresh weekly lows

EUR/USD faced another wave of selling following the release of US CPI, which was slightly above forecast supporting the greenback across the board, although still below Fed’s target.
Read more Next
Start livechat