OctaFX | OctaFX Forex Broker
Open trading account

Forex: NZD/USD finds bids at 0.8300

The intraday decline of the kiwi dollar found buying interest in the boundaries of the key support at 0.8300 on Thursday, picking up pace to the 0.8330 region so far.

According to I.Spivak, Currency Strategist at DailyFX, “prices are pulling back from resistance in the 0.8460-75 area. Near-term support is in the 0.8315-55 region, with a move below that targeting a rising channel bottom set from late July (now at 0.8283). Alternatively, a break above resistance aims for the August 31 2011 high at 0.8571”.

NZD/USD is now losing 0.95% at 0.8316 with the next support at 0.8297 (daily cloud top).
On the upside, a break above 0.8397 (MA10-21d) would expose 0.8445 (hourly highs Feb.6) and finally 0.8463 (Upper Bollinger).

Forex: US Dollar Index in highs around 80.31

The greenback, measured by the US Dollar Index, is advancing firmly on Thursday, consolidating gains beyond the psychological handle at 80.00...
Read more Previous

Forex: USD/CHF stalls at 0.9200

The US dollar extended gains versus the franc during the American session but stalled just at the 0.9200 psychological level, not before printing a 1-week high.
Read more Next
Start livechat