NZD/USD Price Analysis: Climbs closer to 100-DMA, eyes triangle resistance ahead of NFP – by hareshmenghani NZDUSD Fed NFP Technical Analysis Currencies
ts bid tone through the early part of the European session. Spot prices currently trade around the 0.6175-0.6180 region, up nearly 0.35% for the day, and for now, seem to have snapped a two-day losing streak.
The intraday move up, meanwhile, lacks any obvious fundamental catalyst and is more likely to remain capped in the wake of the prevalent risk-off environment, which tends to undermine the risk-sensitive. Apart from this, elevated US Treasury bond yields, bolstered by the prospects for further policy tightening by the Federal Reserve , act as a tailwind for the US Dollar and might further contribute to capping the NZD/USD pair.
On the flip side, the 0.6140-0.6130 area now seems to protect the immediate downside ahead of the 0.6100 round figure. Any subsequent decline might find decent support near the lower end of the aforementioned triangle, currently pegged around the 0.6070-0.6065 region. A convincing break below will be seen as a fresh trigger for bearish traders and drag
to the 0.6000 psychological mark. Some follow-through selling below the YTD low, around the 0.5985 zone should pave the way for further near-term losses.
Argentina Últimas Noticias, Argentina Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
NZD/USD Price Analysis: Previous resistance line, EMA confluence prod Kiwi bears below 0.6200NZD/USD Price Analysis: Previous resistance line, EMA confluence prod Kiwi bears below 0.6200 – by anilpanchal7 NZDUSD Technical Analysis ChartPatterns SwingTrading SupportResistance
Leer más »
NZD/USD: Solid Move Higher Comes After a Large Stumble LowerThe current price of the NZD/USD is near the 0.62025 mark as of this writing.
Leer más »
NZD/USD clings to gains above mid-0.6100s, lacks bullish conviction ahead of US NFPThe NZD/USD pair catches fresh bids during the Asian session on Friday and reverses a part of the previous day's retracement slide from the 0.6215-0.6
Leer más »
NZD/USD oscillates around 0.6200 as investors await FOMC minutes for further guidanceThe NZD/USD pair is demonstrating topsy-turvy moves near the round-level resistance of 0.6200 in the London session. The Kiwi asset has turned sideway
Leer más »
NZD/USD turns south after FOMC minutesOn Wednesday, the Kiwi failed to hold gains that took the NZD/USD pair above the 100-day Simple Moving Average (SMA) and turned south towards 0.6180.
Leer más »
NZD/USD: Further gains likely above 0.6250 – UOBNZD/USD is expected to extend the upside on a breakout of the 0.6250 level, according to Economist Lee Sue Ann and Markets Strategist Quek Ser Leang a
Leer más »