NZD/USD traded tight 0.6303/45 range for most part of the Asian session and was last at 0.6321 as SSEC fell over 3.0%, Nikkei -1.3% The kiwi managed to gain 0.7 percent last week despite an easing by RBNZ and speculation…
NZD/USD traded tight 0.6303/45 range for most part of the Asian session and was last at 0.6321 as SSEC fell over 3.0%, Nikkei -1.3%
The kiwi managed to gain 0.7 percent last week despite an easing by RBNZ and speculation of more, faces strong resistance at $0.6381 with support at $0.6280
Asian indices mixed, traders on the back foot on mounting China slowdown fears after the recent poor economic data and uncertainty over the Fed outlook on interest rates
Soft Chinese data released over the weekend failed to stir investors, but risk off air permeates Asia, weighing on USD
The dollar inched lower with investors sticking to the sidelines as the countdown to FOMC begins
Investors awaiting the outcome of the Fed's two-day meeting on Sept 16-17, still guessing whether the c.bank will hike rates then, or opt for Dec or early next year
NZD/USD long-term momentum remains bearish, price action well below the cloud and MA's, caution advised as Stochs are near oversold and could see some unwinding near-term
