FXstreet.com (San Francisco) - BNZ's index of risk appetite, at 68.8% (which has a scale of 0-100%), "is now well below the near 80% peak of a fortnight ago," notes Mike Jones, Currency Strategist at BNZ, which "helps explain why the 'risk-sensitive' NZDUSD keeps finding the air a little thin above 0.8200," he says. "But for now, the currency's failure to sustain gains above 0.8200 simply means the familiar 0.8145-0.8245 range has become even more entrenched. Today's data and events are unlikely to provide a trigger for a break out of this range."

NZDUSD currently exchanges 0.8190 in the American afternoon; the 50-day EMA offers support on further dips at 0.8158, then 0.8133 (50%, 0.7912/0.8355 advance).


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Forex pairs in this Article » NZD/USD

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