22 May 2015
NZD/USD creeping up on stop territory
FXStreet (Guatemala) - NZD/USD is currently trading at 0.7383 with a high of 0.7384 and a low of 0.7340.
NZD/USD is on the bid, moving up through the ranks on the 0.73 handle and is now approaching stop territory that may see s burst of life on to the 0.74 handle given yesterdays space at these levels when the pair dropped on e series of supply down to 0.7338/40.
There is little to go on in the pair from the calendar until tonight in the US with US CPI's and Yellen talking. Yellen is scheduled to talk at1 p.m. ET speech on the economy to the Greater Providence Chamber of Commerce and this will be grabbing the headlines ahead of the three-day Memorial Day weekend. Technically, this upside surprise is moving out of the heavily bearish downtrends grasp and a break of 0.7440/57 where the 100 SMA is positioned would put the pair back in to neutral territory.
NZD/USD is on the bid, moving up through the ranks on the 0.73 handle and is now approaching stop territory that may see s burst of life on to the 0.74 handle given yesterdays space at these levels when the pair dropped on e series of supply down to 0.7338/40.
There is little to go on in the pair from the calendar until tonight in the US with US CPI's and Yellen talking. Yellen is scheduled to talk at1 p.m. ET speech on the economy to the Greater Providence Chamber of Commerce and this will be grabbing the headlines ahead of the three-day Memorial Day weekend. Technically, this upside surprise is moving out of the heavily bearish downtrends grasp and a break of 0.7440/57 where the 100 SMA is positioned would put the pair back in to neutral territory.