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30 Mar 2015
NZD/USD poised to test 0.75
FXStreet (Mumbai) - NZD/USD extended losses in the mid-Asian trading, falling to fresh one-week lows at 0.7525 levels, tracking declines from its OZ counterpart amid broad based US dollar strength.
NZD/USD falls from 0.7545
Currently, the NZD/USD pair trades at 0.7536, down -0.38%, having previously posted fresh weekly lows at 0.7525 levels. NZD/USD heavily offered this session mirroring the losses in the Aussie on sliding commodity prices and rising expectations of further RBA rate cut in the next month.
Moreover, a stronger US dollar versus its major peers on Friday’s impressive US macro data continues to drag NZD/USD lower. Meanwhile, traders await a series of significant US macro data, in absence of any NZD data in the day ahead for further dollar moves.
NZD/USD Levels to consider
To the upside, the next resistance is located at 0.7571 (10-DMA) levels and above which it could extend gains to 0.7600 levels. To the downside immediate support might be located at 0.7500 levels below that at 0.7460 (50-DMA) levels.
NZD/USD falls from 0.7545
Currently, the NZD/USD pair trades at 0.7536, down -0.38%, having previously posted fresh weekly lows at 0.7525 levels. NZD/USD heavily offered this session mirroring the losses in the Aussie on sliding commodity prices and rising expectations of further RBA rate cut in the next month.
Moreover, a stronger US dollar versus its major peers on Friday’s impressive US macro data continues to drag NZD/USD lower. Meanwhile, traders await a series of significant US macro data, in absence of any NZD data in the day ahead for further dollar moves.
NZD/USD Levels to consider
To the upside, the next resistance is located at 0.7571 (10-DMA) levels and above which it could extend gains to 0.7600 levels. To the downside immediate support might be located at 0.7500 levels below that at 0.7460 (50-DMA) levels.