OctaFX | OctaFX Forex Broker
Open trading account
Back

NZD/USD firmly bid on longer dated sticks

FXStreet (Guatemala) - NZD/USD is currently trading at 0.6507 with a high of 0.6531 and a low of 0.6437.

The bird has entered a phase of consolidation on the 0.65 handle after a long drift higher from the depths of the 0.63 handle towards the end of September's business.

NZD/USD has recovered with conviction above the 50 DMA on the daily sticks and is now awaiting further impetus having been supported in a better risk environment while last week's Nonfarm Payrolls signalled to the market that the Fed will not be hiking this month or potentially not until 2016 at some stage.

NZD/USD levels

NZD/USD is supported at the 20 SMA and by the 50 SMA lower down on the hourly sticks while MACD is stabilizing above the midline in positive territory on the 4hr chart. The price remains in bearish territory below the 0.72 handle while the 200 DMA is at 0.7104 with RSI on the same time frame through 50 allowing for further upside potential with daily MACD moving more positive as well.

GBP/USD hits fresh lows, finds support above Friday’s lows

GBP/USD erased all post NFP gains, after falling a hundred pips from daily highs. The pair printed a fresh daily low at 1.5138 and it was trading 1.5150/52, slightly lower for the day.
Read more Previous

USD/MXN rebounds from 2-week lows

USD/MXN moved with a downside bias during the European session and bottomed at 15.576 reaching the lowest level since September 21 amid risk appetite and a recovery in commodity prices.
Read more Next
Start livechat