Menu

Search

  |   Technicals

Menu

  |   Technicals

Search

FxWirePro: Poor China manufacturing PMI weighs on antipodean currencies, drags NZD/USD lower

  • China manufacturing PMI came in at 15-month low, missing expectations and surprised markets on the downside

  • Poor Chinese data triggered a fresh sell-off among the antipodean currencies, dragged the Kiwi lower towards fresh six-year lows

  • NZD/USD is at the time of writing trading at 0.6580, down from the day's open by 0.6605

  • 0.6557 a strong Trendline support, breaks below could extend to 0.6502 (July 20 Low) levels

  • Resistance is located at 0.6621 (Today's High) levels and above which it could extend gains 0.6656 (July 21 High)
Resistance Levels:

R1: 0.6621 (Today's High) 

R2: 0.6655 (Daily High Jul 21)

R3: 0.6705 (Down TrendLine From Apr/Jun High)

Support Levels: 

S1: 0.6557 (Trendline support)

S2: 0.6498 (2015 & 6 Yr Low Jul 16)

S3: 0.6470 (Daily Low Jul 30 2009)

  • Market Data
Close

Welcome to EconoTimes

Sign up for daily updates for the most important
stories unfolding in the global economy.