OctaFX | OctaFX Forex Broker
Open trading account
Back

NZD/USD offered near 0.67

FXStreet (Mumbai) - The NZD/USD was offered at the high of 0.6597; its fourth failure around 0.66 handle in the current month.

Drops below 50-DMA

At the time of writing, the pair traded just below its 50-DMA located at 0.6574. The Kiwi and other commodity dollars have been the major beneficiaries amid the smaller corrections seen offlate in the USD.

With the empty economic calendar and a trading holiday in the US, the pair is unlikely to see much action till the Friday’s Asian session.

NZD/USD Technical Levels

The immediate resistance is located at 0.6574 (50-DMA), above which the pair could re-test a major hurdle at 0.66 handle. On the other side, support is located at 0.6542 (100-DMA) and 0.6524 (hourly 200-MA).

COPOM on hold leads to fall in Brazilian real - BBH

Research Team at BBH, notes that the central bank of Brazil, the COPOM kept rates on hold at 14.25%, as expected, but two members called for a 50 bp hike.
Read more Previous

AUD/JPY halts Capex-led downslide near 10-DMA

The bearish grip on the AUD loosened a bit as we progress towards the American session, offering some respite to the AUD/JPY cross.
Read more Next
Start livechat