Forex: NZD/USD rises in early European session
Forex pairs in this Article »
NZD/USD
FXstreet.com (Barcelona) - Having found support overnight at 0.7970, NZDUSD has risen throughout the early European session to currently trade at 0.8004.
An increase in positive risk sentiment across USD pairs has buoyed NZDUSD to find support above the daily pivot point at 0.7995. Forex Ticket sees support as falling at 0.7959/0.7933/0.7897 and resistance at 0.8021/0.8057/0.8083. With Bernanke's speech at the Jackson Hole Symposium scheduled for 14:00 GMT investors and traders look to be positioning themselves accordingly in the build up.
European Equities continue to rise alongside commodities and Spanish and Italian yields remain stable.
An increase in positive risk sentiment across USD pairs has buoyed NZDUSD to find support above the daily pivot point at 0.7995. Forex Ticket sees support as falling at 0.7959/0.7933/0.7897 and resistance at 0.8021/0.8057/0.8083. With Bernanke's speech at the Jackson Hole Symposium scheduled for 14:00 GMT investors and traders look to be positioning themselves accordingly in the build up.
European Equities continue to rise alongside commodities and Spanish and Italian yields remain stable.
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