Don’t waste your time – keep track of how NFP affects the US dollar!

Data collection notice

FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.

Follow us on Facebook

Beginner Forex book

Beginner Forex book will guide you through the world of trading.

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

FBS Mobile Personal Area

FREE - In Google Play

View
NZD/USD aims higher

NZD/USD aims higher

Information is not investment advice

Market’s risk sentiment is quite positive, so commodity currencies are strengthening versus the USD. NZD/USD has been performing really well since the start of December as it managed to break above the line connecting 2018 and 2019 highs. In addition, last week it closed above the 50-week MA at 0.6580 despite testing lower levels. Moreover, the pair ended Thursday above 78.6% Fibo of the July-October decline at 0.6660. The natural target is at 0.6730 (the declining 100-week MA). The next resistance after that will be at 0.6790 (July high).

Support is at 0.6635 (December 13 high). A decline to 0.6565 (61.8% Fibo) should attract more buyers.

NZDUSDWeekly.png

Similar

Popular

Choose your payment system

Learn more