Technicals

Add as a preferred source on Google

NZD/USD heavy ahead of milk results, Fed risk to keep action tempered

Source: Thomson Reuters NZD/USD pressing 200-HMA as sour risk sentiment hits high betas, Fed risk to keep action tempered Fonterra milk auction results due ahead, recent results up but on low volume Pair likely to test 0…

1 min read
NZD/USD heavy ahead of milk results, Fed risk to keep action tempered
Image from the original EconoTimes article

Read the original article

Source: Thomson Reuters


  • NZD/USD pressing 200-HMA as sour risk sentiment hits high betas, Fed risk to keep action tempered 

  • Fonterra milk auction results due ahead, recent results up but on low volume

  • Pair likely to test 0.7310 support on a weak result today 

  • Breaks of above then eyes 0.7275/80 support, that might be downside limit

  • AUD/NZD bounce off 1.0325/30 and soft commodities aids pair's slide 

Related articles

View all
Technicals

Major Pair Currency Score: AUDUSD Bearish

EURUSD - Levels to watch - 1.100 GBPUSD Levels to watch - 1.3180 USDCHF Levels to watch - 0.8400 USDCAD - Levels to watch - 1.4300 AUDUSD - Levels to watch - 0.7000 NZDUSD - Levels to watch - 0.5560