7 Apr 2015
NZD/USD: Heading for buyers territory?
FXStreet (Guatemala) - NZD/USD is currently trading 0.7588 with a high of 0.7565 and a low of 0.7486.
NZD/USD continues to run its course tot he downside post the brief NFP's rally, capped in the 0.7630's and tests territory below the 0.7520 support line currently. The greenback has been better bid across the board but caution comes in overbought territory and leaves the door open for a potential period of consolidation through the bird.
Technically, analyst sat Westpac Banking Corporation sight buying opportuunites in NZD/USD towards 0.7400. "There are no scheduled NZ events of note this week, so direction will be set by the US dollar....NZD/USD is likely to remain stalled inside a 0.74-0.77 range, with a bias to the upside."
NZD/USD continues to run its course tot he downside post the brief NFP's rally, capped in the 0.7630's and tests territory below the 0.7520 support line currently. The greenback has been better bid across the board but caution comes in overbought territory and leaves the door open for a potential period of consolidation through the bird.
Technically, analyst sat Westpac Banking Corporation sight buying opportuunites in NZD/USD towards 0.7400. "There are no scheduled NZ events of note this week, so direction will be set by the US dollar....NZD/USD is likely to remain stalled inside a 0.74-0.77 range, with a bias to the upside."