25 Jun 2013
NZD/USD initiates recovery movement
FXstreet.com (New York) - The NZD/USD has recently bounced off the 0.7750 handle Tuesday, having inched into positive territory and establishing a minor advance.
NZD/USD beging climb into positive territory
Presently, the NZD/USD is now positive at 0.7760 in these moments, notching a tepid climb of +0.05% above it’s opening. The Mataf.net analyst team points to the next levels of resistive correction at 0.7817, onto 0.7865, and finally 0.7924. Conversely, the pair will face support at 0.7710, ahead 0.7651, and eventually 0.7603.
NZD/USD peak in the past?
According to Mike Jones, an analyst at BNZ, “The fact that US policy easing is set to be wound up a little earlier than expected is still a clear positive for US bond yields and the USD. For the NZD/USD, the brightening US outlook means the peak appears to be behind us.”
NZD/USD beging climb into positive territory
Presently, the NZD/USD is now positive at 0.7760 in these moments, notching a tepid climb of +0.05% above it’s opening. The Mataf.net analyst team points to the next levels of resistive correction at 0.7817, onto 0.7865, and finally 0.7924. Conversely, the pair will face support at 0.7710, ahead 0.7651, and eventually 0.7603.
NZD/USD peak in the past?
According to Mike Jones, an analyst at BNZ, “The fact that US policy easing is set to be wound up a little earlier than expected is still a clear positive for US bond yields and the USD. For the NZD/USD, the brightening US outlook means the peak appears to be behind us.”