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29 Jul 2015
NZD/USD: Settles down again after the FOMC digested
FXStreet (Guatemala) - NZD/USD is currently trading at 0.6676 with a high of 0.6739 and a low of 0.6657.
NZD/USD is back to square one since the release of the FOMC statement and no change. The Fed are dependent on an improvement in the labour market before rates will rise. Those looking for clues that a rise would come in September were disappointed, but that wasn't the majority of the market as displayed in the price action. The dollar was for the immediate part offered but stabilised and remains tentatively bid on Central Bank divergences.
NZD/USD bid on Wheeler
NZD/USD has penetrated the 0.6720 level on the knee-jerk, but has fallen back in to line of the consolidation phase of taking out the 0.6680 level on Wheeler's recent bullish rhetoric from yesterday's early Asian session.
Technically, the market is short and bearish below the recent high around 0.6770. Through there, there is the 38.2% Fibonacci level (0.6978) of the slide from its recent high in late April. To the downside, 0.6500 stands as yearly lows for bears target.
NZD/USD is back to square one since the release of the FOMC statement and no change. The Fed are dependent on an improvement in the labour market before rates will rise. Those looking for clues that a rise would come in September were disappointed, but that wasn't the majority of the market as displayed in the price action. The dollar was for the immediate part offered but stabilised and remains tentatively bid on Central Bank divergences.
NZD/USD bid on Wheeler
NZD/USD has penetrated the 0.6720 level on the knee-jerk, but has fallen back in to line of the consolidation phase of taking out the 0.6680 level on Wheeler's recent bullish rhetoric from yesterday's early Asian session.
Technically, the market is short and bearish below the recent high around 0.6770. Through there, there is the 38.2% Fibonacci level (0.6978) of the slide from its recent high in late April. To the downside, 0.6500 stands as yearly lows for bears target.