OctaFX | OctaFX Forex Broker
Open trading account

NZD/USD: a further squeeze higher today cannot be ruled out - ANZ

Analysts at ANZ noted that the kiwi has popped back over 69 cents and is hovering there at present. 

Key Quotes:

"With little news or speakers, and mild market moves elsewhere, it appears to be a position-related squeeze, with perhaps even month-end flows contributing. 

A further squeeze higher today cannot be ruled out, although we suspect topside resistance will hold as markets await some larger potential catalysts later this week.

Support 0.6850. 

Resistance 0.6950."

US New Home Sales reviewed - Nomura

Analysts at Nomura offered their review of US New Home Sales. Key Quotes: "New single-family home sales rose 6.2% m-o-m in October to an annualized
Read more Previous

AUD/USD stabilizing above take-off level below 0.76 the figure

AUD/USD is stabilising in the early Asian session after the dollar bounced back in the NY session with 0.7644 highs left for dust and bears taking the
Read more Next
Start livechat