Tag Archives: NZD/USD

FX Daily Majors

Today’s highlights: EURUSD is still vulnerable to further corrective strength, but we ideally look for “neckline” resistance at 1.3503/13 to cap.

EURUSD: Could still recheck the high 1.34s. European (Markit) PMI and the US ISM are the main distractions for the day.

USD strengthened over July as data continues to print strongly, and Yellen acknowledges risk of earlier rate rises.

The NZD/USD sits fractionally higher this morning, at 0.8520. The release of the ANZ commodity price index passed almost without notice from

Layers of resistance are noted in the $0.9338-0.9426 region including 55 & 21-DMAs with bulls needing a close above the $0.9426 level this week to

Today’s highlights: EURUSD has found a near-term floor at the 50% retracement barrier at 1.3374,

Attention turns to the labour market this week. While we expect Wednesday’s trio of labour market reports to

NZD/USD Outlook: Neutral this week We retain a negative medium term bias toward NZD/USD,

Hot on the heels of NZD and GBP is the USD, argues HSBC.

Unsettling news continues to emerge from China, and fromsome of New Zealand’s key export industries.

The NZD made an intra-night rebound on Friday, after theUS payrolls release, to end the week above 0.8510.

Fresh 2 month lows continued Friday before abounce back above the 100-DMA ($0.9325) although the pair failed to close above.