交易新闻
21 Apr 2015
NZD/USD testing lows near 0.7640
FXStreet (Mumbai) - NZD/USD drops in Asian trades, extending losses for the second straight session, largely on the back of broad USD strength while the Kiwi also fell in tandem with the Aussie following RBA’s Stevens speech yesterday.
NZD/USD trades below 5-DMA
Currently, the NZD/USD pair trades -0.26% lower at 0.7642, hovering near session lows at 0.7635. NZD/USD fell further in to losses and closer towards 0.76 handle mainly as the US dollar seems to be on the rise for the third consecutive day, cheering latest upbeat US economic data.
Also, the traders moved past China rate cut led rally and concerns over NZ softer inflation numbers resurfaced, weighing on the Kiwi. Moreover, NZD/USD came under additional pressure mirroring losses in AUD/USD after RBA Stevens said in his speech yesterday that The RBA is standing ready to cut rates further if necessary.
Meanwhile, in the data-light day ahead, the US dollar will remain the major driver for the Kiwi pair.
NZD/USD Levels to consider
To the upside, the next resistance is located at 0.7660 (Today’s High) levels and above which it could extend gains to 0.7700 levels. To the downside immediate support might be located at 0.7635 (Today’s Low) levels below that at 0.7600 levels.
NZD/USD trades below 5-DMA
Currently, the NZD/USD pair trades -0.26% lower at 0.7642, hovering near session lows at 0.7635. NZD/USD fell further in to losses and closer towards 0.76 handle mainly as the US dollar seems to be on the rise for the third consecutive day, cheering latest upbeat US economic data.
Also, the traders moved past China rate cut led rally and concerns over NZ softer inflation numbers resurfaced, weighing on the Kiwi. Moreover, NZD/USD came under additional pressure mirroring losses in AUD/USD after RBA Stevens said in his speech yesterday that The RBA is standing ready to cut rates further if necessary.
Meanwhile, in the data-light day ahead, the US dollar will remain the major driver for the Kiwi pair.
NZD/USD Levels to consider
To the upside, the next resistance is located at 0.7660 (Today’s High) levels and above which it could extend gains to 0.7700 levels. To the downside immediate support might be located at 0.7635 (Today’s Low) levels below that at 0.7600 levels.