19 Dec 2014
NZD/USD resilient in longer term bear trend
FXStreet (Guatemala) - NZD/USD is trading at 0.7765, up 0.09% on the day, having posted a daily high at 0.7775 and low at 0.7755.
NZD/USD has found a placement on the 0.7680 support and used the position to remain on the bid throughout December. The bird is trading a cent higher and through the 0.7760 resistance while the greenback is drifting in the opening stages of the last day of the Asian week.
The bird benefitted overnight from the relief rally, albeit only modest moves, and remains with a short term bullish bias. This may well be the theme for the holiday season, and wouldn't be a usual trade off at this tie of year for the greenback traditionally and seasonal comes off before the New Year begins.
The bird is ending the year on a positive note with yesterday's GDP and recent "pats on the back" from Moody as the economy continues to grow steadily. However, we are not quite done with the data from New Zealand this year and today we still have ANZ Business confidence for December and ANZ Activity before Credit card spending, November.
NZD/USD has found a placement on the 0.7680 support and used the position to remain on the bid throughout December. The bird is trading a cent higher and through the 0.7760 resistance while the greenback is drifting in the opening stages of the last day of the Asian week.
The bird benefitted overnight from the relief rally, albeit only modest moves, and remains with a short term bullish bias. This may well be the theme for the holiday season, and wouldn't be a usual trade off at this tie of year for the greenback traditionally and seasonal comes off before the New Year begins.
The bird is ending the year on a positive note with yesterday's GDP and recent "pats on the back" from Moody as the economy continues to grow steadily. However, we are not quite done with the data from New Zealand this year and today we still have ANZ Business confidence for December and ANZ Activity before Credit card spending, November.