8 Dec 2014
NZD/USD bears keeping control
FXStreet (Guatemala) - NZD/USD is trading at 0.7685, down -0.33% on the day, having posted a daily high at 0.7704 and low at 0.7670.
NZD/USD remains in negative territory and starts off on a bad footing through the 0.77 handle without any sign of support in a positive environment for the greenback in towards year ending 2014.
The major risk event that comes up first for the bird is of course this week’s RBNZ. That in itself seems bad news for the pair as Imre Speizer, analyst at Westpac Banking Corporation ABN, suggested. “ A full-blown MPS - should present downgraded inflation and interest rate forecasts and repeat the warning that the NZD remains too high”. NZD/USD noteworthy downside levels come in at 0.7677 (Daily Classic S1), 0.7670 (Daily Low), 0.7644 (Daily Classic S2), 0.7636 (Weekly Classic S1) and 0.7587 (Daily Classic S3).
NZD/USD remains in negative territory and starts off on a bad footing through the 0.77 handle without any sign of support in a positive environment for the greenback in towards year ending 2014.
The major risk event that comes up first for the bird is of course this week’s RBNZ. That in itself seems bad news for the pair as Imre Speizer, analyst at Westpac Banking Corporation ABN, suggested. “ A full-blown MPS - should present downgraded inflation and interest rate forecasts and repeat the warning that the NZD remains too high”. NZD/USD noteworthy downside levels come in at 0.7677 (Daily Classic S1), 0.7670 (Daily Low), 0.7644 (Daily Classic S2), 0.7636 (Weekly Classic S1) and 0.7587 (Daily Classic S3).