9 Jul 2015
NZD/USD: China and Greece weigh and Bears taking control
FXStreet (Guatemala) - NZD/USD is currently trading at 0.6713 with a high of 0.6736 and a low of 0.6710.
NZD/USD remains heavy as we move through the Asian shift, penetrating key support.
NZD/USD price action and technical analyses
NZD/USD has been on a bearish run on a heavy foundation given the recent RSI (14) readings on the hourly and leaves the price through the key support on the psychological handle of 0.67 today. 0.6720 was passed through on a drift and we head towards London's rally's resistance here. 0.6680 remains as key target for the bears.
NZD/USD fundamentals
China is a major concern at the moment, making Greece potentially look like a side show. The FOMC even mentioned it in the minutes. The greenback was offered as a result of the minutes but has since recovered and takes the bird lower along with recently positive NZ electronic retail card sales data.
NZD/USD remains heavy as we move through the Asian shift, penetrating key support.
NZD/USD price action and technical analyses
NZD/USD has been on a bearish run on a heavy foundation given the recent RSI (14) readings on the hourly and leaves the price through the key support on the psychological handle of 0.67 today. 0.6720 was passed through on a drift and we head towards London's rally's resistance here. 0.6680 remains as key target for the bears.
NZD/USD fundamentals
China is a major concern at the moment, making Greece potentially look like a side show. The FOMC even mentioned it in the minutes. The greenback was offered as a result of the minutes but has since recovered and takes the bird lower along with recently positive NZ electronic retail card sales data.