OctaFX | OctaFX Forex Broker
Abrir una cuenta

Forex: NZD/USD defending 0.84 round bids

FXstreet.com (Barcelona) - NZD/USD is last at 0.8412 bids, off fresh session and 2-day lows at 0.84 round, losing some of its recent shine, that took the pair just past Thursday to fresh multi-month highs at 0.8675. The pair has lost more than -1% in last 2 trading days, adding to almost -2% for the week so far, leaving it as one of the weakest currency among majors for last 2 trading days, along CAD, and only above Aussie.

Kiwi has been unable to bounce above 38.2% Fibo retrace of latest down leg from mentioned multi-month highs to Monday's weekly lows at 0.8375, and now trades below ascending trendline coming from double March 14 lows at 0.8160, initially breached momentarily after the Boston bombing attacks. According to analysts, once the pair has broken below the 21 day SMA that had been working as support, now in case broke below the 0.8340/50 level, it would put 200 day SMA in focus around the 0.8250 level.

Immediate support to the downside for NZD/USD lies at recent session lows 0.8400, followed by Monday's weekly lows at 0.8375, and April 04 lows at 0.8360. To the upside, closest resistance shows at Feb 25 highs 0.8420, followed by April 03 highs at 0.8450, and Tuesday's highs at 0.8510.

Forex Flash: AUD/NZD may see short term bounce - Westpac

In view of Richard Franulovich, Westpac analyst, "the banks's client flows suggest that AUD/NZD downside is well owned, however, with the cross approaching key long term support levels into 1.2000-1.2150, it may well see a short term bounce soon."
Leer más Previous

Commodities Brief: Precious metals hold previous lows as consolidation continues

The precious metals markets again traded in wide ranges, but finished well off the lows set early in the Asia session. There wasn’t a specific macro catalyst for the rebounds, as the majority of major currency rates remained quiet throughout much of the day. After briefly trading down to 1335, Gold managed to find solid support at previous lows and edged higher the rest of the day to close up 1% at 1390. Silver also managed to fight off early selling, at one point trading all the way down to 22.43 before clawing its way back to finish a shade lower 23.24.
Leer más Next
Start livechat