OctaFX | OctaFX Forex Broker
Open trading account

Kiwi didn’t lose hope to recover above 0.78

FXStreet (Moscow) - NZD/USD came just above at 0.78 after having touched the Asian low at 0.7772; however, the breakout is not confirmed yet.

NZD/USD fell sharply after FOMC monetary policy statement considered to be less dovish than expected. The downside movement gained traction after New Zealand’s central bank decided to leave its key rate unchanged and sounded a bit less optimistic about the economy. The downside pressure may increase during the day, if US publishes fairy good Q3 GDP numbers. From the technical point of view, the nearest support comes at 0.7772/67 (Asian low and Wednesday’s low). Once it is broken, the pair may extend the downside towards 0.7740. The resistance is seen at 0.7850, once 0.78 breakout is confirmed.

What are today’s key NZD/USD levels?

Today's central pivot point can be found at 0.7850, with support below at 0.7721, 0.7638 and 0.7509, with resistance above at 0.7933, 0.8062 and 0.8145. Hourly Moving Averages are mixed, with the 200SMA bearish at 0.7906 and the daily 20EMA flat at 0.7910. Hourly RSI is bullish at 29.

AUD/USD headed to the South, 0.8760 support in focus

AUD/USD started the Asian session at 0.8792 and moved all the way down to the Asian low of 0.8760; currently the pair is trading at 0.8765 with bearish bias.
Read more Previous

Switzerland UBS Consumption Indicator increased to 1.41 in September from previous 1.35

Read more Next
Start livechat