Back
27 Mar 2015
NZD/USD: Expect further choppiness - FXCharts
FXStreet (Bali) - Jim Langlands, Founder at FXCharts, expects more choppy moves in the sessions ahead on the NZD/USD, with some pressure lower possible later on the day, when the US releases its growth numbers.
Key Quotes
"With the 1 and 4 hour charts pointing lower, the downside may come under pressure although any real direction is likely to be on hold until the US data late in the day."
"Supports to watch, are firstly right here at 0.7576 (23.6% of 0.7175/0.7696) and then at 0.7545 (minor) and 0.7500 (38.2%/200 HMA)."
"On the topside, 0.7600 will now act as resistance ahead of which would see sellers at 0.7630, 0.7650 and 0.7670, although I don’t think we are heading back up here again today."
Key Quotes
"With the 1 and 4 hour charts pointing lower, the downside may come under pressure although any real direction is likely to be on hold until the US data late in the day."
"Supports to watch, are firstly right here at 0.7576 (23.6% of 0.7175/0.7696) and then at 0.7545 (minor) and 0.7500 (38.2%/200 HMA)."
"On the topside, 0.7600 will now act as resistance ahead of which would see sellers at 0.7630, 0.7650 and 0.7670, although I don’t think we are heading back up here again today."