OctaFX | OctaFX Forex Broker
Open trading account

NZD/USD: Journey south continues – ANZ

The NZD continues to depreciate, but it was mostly a USD move, according to analysts at ANZ Research. The NZD/USD pair is trading at 0.5601.

Key quotes

“NZD/USD has continued its journey south, but it is abundantly clear that this is a USD story, with the USD DXY rallying sharply to a 3 year high as the ‘risk off’ tone bites, and NZD/AUD breaking parity.” 

“The pair will likely remain under pressure, COVID-19 is a global shock of an unprecedented magnitude in peacetime, and NZ depends on global trade and tourism. Being a food exporter should limit downside.”

“Support 0.5700 Resistance 0.5970”


Oil: WTI could go down into the teens – TDS

Crude oil continued to plunge, despite brief bouts of aggressive risk-on trading which pausing the rout periodically, strategists at TD Securities inf
Read more Previous

GBP Futures: The downtrend loses momentum

Investors scaled back their open interest positions by nearly 57.8K contracts on Wednesday, reversing seven consecutive daily builds, according to fla
Read more Next
Start livechat