NZD/USD

February 11, 2019

NZD/USD: The New Zealand dollar steadied near 3-week trough hit in the prior session, amid growing speculation the Reserve Bank of New Zealand might sound more amenable to a rate cut at its policy meeting on Feb. 13. The Kiwi trades 0.3 percent up at 0.6757, having touched a low of 0.6729 on Friday, its lowest level Jan. 22. Immediate resistance is located at 0.6798 (Jan. 23 High), a break above could take it near 0.6832 (Jan. 14 High). On the downside, support is seen at 0.6706 (Jan. 22 Low), a break below could drag it below 0.6671 (Jan. 4 Low).

NZD/USD daily chart

Disclaimer: The content of the Reports constitutes Marketing Communication and does not constitute Investment Advice or Investment Research or an offer for any transactions in financial instrument. The content of the Reports represents the view of our experts on a generic basis, and does not take into consideration individual readers personal circumstances, investment experience or current financial situation. In addition, the Reports have not been prepared in accordance with legal requirements designed to promote the independence of Investment Research, and are not subject to any prohibition on dealing ahead of the dissemination of Investment Research. Readers using the Reports should consider the possibility of encountering substantial losses. The past performance is not a guarantee of future results. Therefore, Goldenburg Group Limited shall not accept any responsibility for any losses of traders due to the use and the content of its Reports.

The Newest