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3 Aug 2015
NZD/USD between breakout levels on a key week
FXStreet (Guatemala) - NZD/USD is currently trading at 0.6603 with a high of 0.6612 and a low of 0.6593.
NZD/USD has followed suit of the commodity currency basket vs the greenback, consolidating US closing session's volatility with the sell off in the US dollar on the back of the poor wages data and a recovery in the price of Gold. The quiet will only last so long however this week as we await Nonfarm Payrolls at the end of the week which will be highly key as markets get prepared for the potential September hike from the Fed. Before then, we will have the NZ jobs data tomorrow and the unemployment data.
NZD/USD in between key levels
NZD/USD needs to break above 0.6720 to offer any kid of conviction on a recovery while 0.6680 would come s first major resistance. To the downside, 0.6550 (July 22, 24 low) comes as a support before year lows again.
NZD/USD has followed suit of the commodity currency basket vs the greenback, consolidating US closing session's volatility with the sell off in the US dollar on the back of the poor wages data and a recovery in the price of Gold. The quiet will only last so long however this week as we await Nonfarm Payrolls at the end of the week which will be highly key as markets get prepared for the potential September hike from the Fed. Before then, we will have the NZ jobs data tomorrow and the unemployment data.
NZD/USD in between key levels
NZD/USD needs to break above 0.6720 to offer any kid of conviction on a recovery while 0.6680 would come s first major resistance. To the downside, 0.6550 (July 22, 24 low) comes as a support before year lows again.