4 Aug 2015
NZD/USD: drops towards yearly lows on Lockhart
FXStreet (Guatemala) - NZD/USD is currently trading at 0.6543 with a high 0.6617 and a low of 0.6530.
NZD/USD is consolidating the downside of May's decline from above 0.7600 and down the channel to recent lows of 0.6498 July 15th daily stick. Today, the bird has been sent lower with the GDT price coming in at -9.3%. this coupled with a strong dollar across the board as rates climb on Fed's Locjhart coming across more hawkish than usual and suggesting that September hike cannot be out of the question.
Nonfarm Payrolls numbers this week
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NZD/USD making way for year low lows
NZD/USD bulls may be targeting 0.6720 and closes there may relieve some of the pressures in the broader downtrend while 0.6600 and 0.6680 would come as first major resistances. To the downside, 0.6550 (July 22, 24 low) has been penetrated and we are now on route for 0.6497/0.6505.
NZD/USD is consolidating the downside of May's decline from above 0.7600 and down the channel to recent lows of 0.6498 July 15th daily stick. Today, the bird has been sent lower with the GDT price coming in at -9.3%. this coupled with a strong dollar across the board as rates climb on Fed's Locjhart coming across more hawkish than usual and suggesting that September hike cannot be out of the question.
Nonfarm Payrolls numbers this week
Register to the live coverage and trade the NonFarm Payrolls with Bednarik, Pinkert and Elam. We are Forex!
NZD/USD making way for year low lows
NZD/USD bulls may be targeting 0.6720 and closes there may relieve some of the pressures in the broader downtrend while 0.6600 and 0.6680 would come as first major resistances. To the downside, 0.6550 (July 22, 24 low) has been penetrated and we are now on route for 0.6497/0.6505.