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NZD/USD stalls ahead of 0.80, NZD/USD key technical levels :

by rileyjozes

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NZD/USD stalls ahead of 0.80 (Barcelona) - The NZD/USD foreign exchange rate is last trading at 0.8030 near fresh session lows, a +2.47% higher from past Monday's weekly open, following early selling off on Fonterra's botulism scare.


NZD/USD expected to keep rising

According to BNZ currency strategist Kymberly Martin the pair may climb to as high as 0.8150, while capped below the 0.8300 “as long as Fed tapering expectations remain intact,” Martin said. Little news ahead except domestic food price index at 22:45 GMT, followed by Japan GDP at 23:50 GMT.


NZD/USD key technical levels

Immediate support to the downside for NZD/USD lies at July 24 highs 0.8017, followed by July 0.7969, and July 24 lows at 0.7907. To the upside, closest resistance shows at Thursday's highs 0.8048, followed by Friday's highs 0.8058, and July 29 highs at 0.8100.


Tags: NZD/USD stalls ahead of 0.80


  • rileyjozes
    They say it isn’t your fault if you are born poor but it will be your fault if you die poor.

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