Forex Strategies

Daily FX Wrap and Strategy

The NZD fell against the USD on Friday, in line with other major currencies after the Bank of Japan’s surprise announcement.

Developments in the Asian and European session were important drivers of medium term USD strength.

EURUSD: A move below key support at 1.2540-45 will expose 1.2500.

Today’s highlights: USDJPY has surged higher and stays bullish for 111.60

The NZD has regained its composure over the past 24hours, with NZD/USD posting a 0.6% gain to 0.7850.

Today’s highlights: DXY $ Index above 86.10 should reassert the uptrend for

Markets are digesting yesterday’s Fed statement, but sentiment into the NA open is negative.

EUR/USD: We expect a break of 1.2500 sooner rather than later.

The NZD is significantly weaker this morning in the wake of an upbeat FOMC statement.

EUR/USD: We remain bearish overall but with yesterday’s price action in mind,

Today’s highlights: DXY $ Index below 86.10 maintains the threat of further weakness.

The NZD sits a little higher this morning around 0.7930.The NZD/USD traded a very tight