OctaFX | OctaFX Forex Broker
Open trading account

NZD/USD tests 2-week lows at 0.7765

FXStreet (San Francisco) - The NZD/USD deepened its fall to the lowest level since November 11 at 0.7765 following a god US GDP data. However, the pair found buying interest at this level and bounced off to trade back at 0.7790.

US GDP was upward revised to 3.9% growth in the 3Q, up from the preliminary reading of 3.5%.

Currently, NZD/USD is trading at 0.7786, down -0.93% on the day, having posted a daily high at 0.7868 and low at 0.7766. The FXStreet OB/OS Index is reflecting oversold hourly conditions, while the FXStreet Trend Index is slightly bearish.

NZD/USD levels

If the pair extends decline below 0.7765, it will find next supports at 0.7750 and 0.7715. To the upside, resistances are at 0.7800, 0.7850 and 0.7860.

S&P/Case-Shiller Index suggest broad-based slowdown of US house prices

Data released by the the S&P/Case-Shiller Home Price Index showed that prices continue to decelerate in September.
Read more Previous

Moody's: US growth in 2015 will help support sovereign debt markets, but risks remain

In its 2015 Global Sovereign outlook, Moody’s credit agency warns that while a firming of economic growth in the US in 2015 should bolster a gradually recovering global economy and help assure continued stable credit quality for the world's sovereigns, there remain risks that could interrupt growth and undermine sovereign creditworthiness across the globe.
Read more Next
Start livechat