Optimism Still Exists for More Stimulus
Differences continue to narrow in US stimulus talks but more work needs to be done. Pelosi and Mnuchin will speak again today, according to her aide.
NZD/USD: technical layout
Information is not investment advice
Since the very beginning of the month, NZD/USD has been trading under a firm resistance of 0.6650. It was formed on October 1, re-visited on October 2 and 5, and currently, the price is coming to it again. From the downside, we have the support of 0.6630 formed recently and reinforced by 100-MA. The overall direction is sideways while the market is pretty quiet in this currency sector.
Therefore, in the midterm, watch 0.6655 for breakouts – that may be a good indicator that NZD wants to go to 0.67 and above against the USD. Alternatively, crossing 0.6630 downwards would mean that the currency pair may drop to the depths of 0.65 – 0.6515 again.
Gaspar Markosyan
Similar
GBP vs EUR and USD: strategic look
The GBP made strong moves against the US dollar and the EUR lately. What's the tactical outlook?
Brexit talks set to restart
Fresh news of the US session
Popular
USD/TRY: a lot of problems... for TRY
One US dollar buys almost eights Turkish liras now. May it be sixteen in another couple of years? Check the article to see why that is a possibility.
Optimism Still Exists for More Stimulus
Differences continue to narrow in US stimulus talks but more work needs to be done. Pelosi and Mnuchin will speak again today, according to her aide.
GBP vs EUR and USD: strategic look
The GBP made strong moves against the US dollar and the EUR lately. What's the tactical outlook?
Choose your payment system
