Forex: NZD/USD breaking below 0.84 round
FXstreet.com (Barcelona) - Once NZ current account showed worst quarter of the year at -4.42B, second worst in last 4 years, NZDUSD is currently dipping to fresh weekly lows last at 0.8382, off session lows at 0.8377, despite risk appetite improvement seen in equities, with Nikkei index up +1.12% above the 10k point mark for first time since early April, following +1.15% advance in the SP500. Kiwi is down -0.93% for the week so far.
In the other hand, Gold closed in NY down -1.6% printing lows around the $1659 mark, finding support at the 200 day SMA around $1663, last at $1674. Kiwi is second weakest currency among majors for last 2 days just above Yen, weaker also against Aussie, with AUDNZD around weekly and fresh 4-day highs at 1.2540, bouncing from most extreme oversold lecture year to date. Market will focus now on tomorrow's ANZ business confidence, due at 00:00 GMT.
Immediate support to the downside for NZDUSD lies at mentioned recent weekly lows 0.8377, followed by Sept 14-28/Dec 06 highs at 0.8349/56, and Nov 07 highs at 0.8309. Closest resistance to the upside shows at Friday's lows at 0.8393, followed by yesterday's lows at 0.8400 round, and Monday's lows at 0.8424.
In the other hand, Gold closed in NY down -1.6% printing lows around the $1659 mark, finding support at the 200 day SMA around $1663, last at $1674. Kiwi is second weakest currency among majors for last 2 days just above Yen, weaker also against Aussie, with AUDNZD around weekly and fresh 4-day highs at 1.2540, bouncing from most extreme oversold lecture year to date. Market will focus now on tomorrow's ANZ business confidence, due at 00:00 GMT.
Immediate support to the downside for NZDUSD lies at mentioned recent weekly lows 0.8377, followed by Sept 14-28/Dec 06 highs at 0.8349/56, and Nov 07 highs at 0.8309. Closest resistance to the upside shows at Friday's lows at 0.8393, followed by yesterday's lows at 0.8400 round, and Monday's lows at 0.8424.
Free Annual Reports
