FxWirePro: NZD/USD recovers slightly from fresh session lows of 0.6620
NZD/USD continues to remain undermined following the latest downbeat building consents data and a broadly strong dollar. FOMC offered no cues on rate-hike timings although acknowledged improving US economy which boosted …
NZD/USD continues to remain undermined following the latest downbeat building consents data and a broadly strong dollar.
FOMC offered no cues on rate-hike timings although acknowledged improving US economy which boosted the USD broadly.
New Zealand's building consents fell a seasonally adjusted 4.1 percent in June compared with no change in May, data showed on Wednesday.
NZD/USD currently trades 0.6631, recovering slightly from fresh session lows of 0.6620.
Immediate resistance is located at 0.6646 (4h Kijun-Sen) and then at 0.6698 (July 23 High) levels, above which it could extend gains 0.6716 (July 28 High).
To the downside immediate support might be located at 0.6612 (4h Cloud Top) below that at 0.6601 (Daily Low Jul 28).
