OctaFX | OctaFX Forex Broker
Open trading account

NZD/USD consolidates sub the 0.77 handle

FXStreet (Guatemala) - NZD/USD is trading at 0.7688, down -0.05% on the day, having posted a daily high at 0.7697 and low at 0.7682.

NZD/USD has penetrated the 0.77 handle and seeks lower lows with yesterdays business on the 0.7680 support line in sight. It has been consolidated here since the drift through the handle but the greenback is giving continued bullish signals and opportunities for investors to get or stay long or simply buy on dips. The fundamentals are compelling and with volatility back in the forex space, the USD is king currently. The Asian currencies are being lead lower by the Yen and the NZD is no exception. We may need to see what comes from the Nonfarm payrolls result tomorrow but pressures are mounted t the downside.

NZD/USD noteworthy levels

Spot is presently trading at 0.7690, and next resistance can be seen at 0.7697 protecting the handle ahead of 0.7720. Support below can be found at 0.7682 (Daily Low), 0.7669, 0.7666 (Daily Classic S1), 0.7631 (Weekly Classic S2) and 0.7597 (Daily Classic S2).

AUD/USD continues on in negative territory

AUD/USD is trading at 0.8560, down -0.04% on the day, having posted a daily high at 0.8567 and low at 0.8559.
Read more Previous

BoE: Inflation report to reinforce dovish expectations - RBS

After the BoE kept its monetary policy steady on Thursday, the RBS UK Economics Team, now expects Wed Nov 12th inflation report forecasts to broadly validate market pricing for the first Bank Rate rise to come in August 2015.
Read more Next
Start livechat