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10 Apr 2015
NZD/USD: Consolidated above the pivot
FXStreet (Guatemala) - NZD/USD is currently trading at 0.7562 with a high of 0.7579 and a low of 0.7559.
NZD/USD recovered to a degree in a minor bounce of the downside and supply that took the bird as low as 0.7536 from up on the 0.76 handle previously. There has been some very near term perkiness in the pair but we are generally in a tight sideways trading range as we move in towards the closing hours today for the week in Asia.
Support comes 0.7536 in the near term but there could be some major support to follow in the bird as markets begin to price in the possibility of intervention from the RBNZ. Analysts at TD Securities commented up on the subject and said, " in our view, some well-placed intervention as the U.S. Federal Reserve prepares to hike could be effective in getting down the very lofty TWI."
NZD/USD recovered to a degree in a minor bounce of the downside and supply that took the bird as low as 0.7536 from up on the 0.76 handle previously. There has been some very near term perkiness in the pair but we are generally in a tight sideways trading range as we move in towards the closing hours today for the week in Asia.
Support comes 0.7536 in the near term but there could be some major support to follow in the bird as markets begin to price in the possibility of intervention from the RBNZ. Analysts at TD Securities commented up on the subject and said, " in our view, some well-placed intervention as the U.S. Federal Reserve prepares to hike could be effective in getting down the very lofty TWI."