Forex: NZD/USD within sight of Asia low of 0.7995
Forex pairs in this Article »
NZD/USD
FXstreet.com (Barcelona) - NZDUSD has found resistance at 0.8031 and declined sharply to find support above 0.8.
Following a morning of mixed European data, NZDUSD looks to test 0.8 where price consolidated support from overnight before moving higher. Price looks engulfed by a downward trend line as highlighted by Dukascopy Bank SA. As the European economic schedule has been completed we can look forward to US Initial and Continuing Job Claims, Personal Income and Spending and Core Personal Consumption data at 12:30 GMT. Forex Ticket outline support levels at 0.7984/0.7961/0.7925 and resistance at 0.8043/0.8079/0.8102.
Equities continue to stay under pressure but commodities are indicating some upside relief whilst Spanish and Italian yields have continued to rise 1.62% to 6.574 and 0.45% to 5.791 respectively.
Following a morning of mixed European data, NZDUSD looks to test 0.8 where price consolidated support from overnight before moving higher. Price looks engulfed by a downward trend line as highlighted by Dukascopy Bank SA. As the European economic schedule has been completed we can look forward to US Initial and Continuing Job Claims, Personal Income and Spending and Core Personal Consumption data at 12:30 GMT. Forex Ticket outline support levels at 0.7984/0.7961/0.7925 and resistance at 0.8043/0.8079/0.8102.
Equities continue to stay under pressure but commodities are indicating some upside relief whilst Spanish and Italian yields have continued to rise 1.62% to 6.574 and 0.45% to 5.791 respectively.
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