TenkoFX - Analytics


    419.75 7.25/10
    68% of positive reviews

    NZD/USD: god two way business overnight, where now?

    NZD/USD is consolidated after a turbulent 24hrs of trade with heightened volatility and uncertainty i the markets. NZD/USD was good two-way business on the back of the Central Banks and Brexit news with Cameron calling for a pause in the campaigning due to the tragedy  over Labour MP Jo Cox and the first murder of an MP for more than a quarter of a century that has made for widespread revulsion.Domestically, the bird is caught between the RBNZ potentially easing further this year and the Fed that has started to show clear signs that indeed a rate hike may not be delivered at all this year, although still suggesting that at least one hike will be made before the year is out and all meeting remaining live. NZD/USD is technically better bod, trading above the near term ma's on the 1hr stocks at 0.7040 with recent high scored at 0.7066 as key target ahead of 0.7080 resistance. To the downside, the bird made intraday lows at 0.6968 on the previous sell-off. A break there opens 0.6890 as next key target and support. 

    To leave a comment you must or Join us

    By visiting our website and services, you agree to the conditions of use of cookies. Learn more
    I agree