OctaFX | OctaFX Forex Broker
Open trading account

Forex: NZD/USD pares losses to return to 0.8487/94

FXstreet.com (Barcelona) - The NZD/USD has recovered off of overnight lows that had the pair trading in the depths of 0.8457. However, across European trading, the cross has eliminated its losses to return near opening levels at 0.8487/94.

Mataf.net analysts reveal means of supportive correction at 0.8437, ahead of 0.8392, and 0.8356. Conversely, a break above 0.8518 will initiate supportive measures at 0.8554 and 0.8599.

“The NZD/USD over 15-minute basis offers an inverted Head & Shoulders, which could extend the upside move to retest areas around 0.8530. However, negative factors remain valid with stability below 0.8500 over four-hour basis. Accordingly with the technical conflict seen we prefer to stay aside for now.” warns the ICN.com analyst team.

Overnight in New Zealand, the Consumer Price Index (QoQ) came in at +0.4% in Q1, matching expectations of +0.4%. Moreover, the Consumer Price Index (YoY) grew +0.9%, in line with estimates.

Forex: USD/CHF still around 0.9226 after yesterday’s tumble

Having failed to hold at the 0.9300 psychological support, the USD/CHF fell to 0.9208 low yesterday and is now trading in a very narrow range around the opening price of 0.9226.
Read more Previous

Forex Flash: What does the EUR/USD have to offer? – Commerzbank and UBS

The bloc currency is navigating almost unchanged around 1.3175/80 on Wednesday. The cross found strong buying support on Tuesday, after the poor results from the German ZEW Survey lifted the cross to the 1.3200 figure...
Read more Next
Start livechat