Forex: NZD/USD looses momentum and finds support ahead of Draghi speech
Forex pairs in this Article »
NZD/USD
FXstreet.com (Barcelona) - Having declined throughout the European session, NZDUSD looks to have found support at 0.7970 as markets lose momentum ahead of Draghi's speech at 13:30 GMT.
With the US closed today and the European calendar complete, momentum looks to have slowed ahead of the headline event due imminently. Currently trading at 0.7975, the analysts at ICN.com see the next downside levels of support at 0.7930/0.7885/0.7840 with resistance at 0.7985/0.8010/0.8040.
European Equities look to have moved off their highs ahead of Draghi's speech which commodities remain positive. Spanish yields are up 2.5% whilst Italian's are down 0.72%
With the US closed today and the European calendar complete, momentum looks to have slowed ahead of the headline event due imminently. Currently trading at 0.7975, the analysts at ICN.com see the next downside levels of support at 0.7930/0.7885/0.7840 with resistance at 0.7985/0.8010/0.8040.
European Equities look to have moved off their highs ahead of Draghi's speech which commodities remain positive. Spanish yields are up 2.5% whilst Italian's are down 0.72%
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