NZD/USD Pair Mildly Diminished
In today’s Asian Session The currency pair “NZD/USD” witness a mild downfall as the market time escalate to late – Asian trading session while the risk-appetite ha hit the traders here on a huge sell of oil prices & local stocks (Shares)
The pair falls to 100-DMA support at 0.6604
In today’s trading session the currency pair “NZD/USD” shivers down with the change of -0.28% at level of 6612 striking a discoordination that posted a low of 0.6609 as the 50-DMA intersects. The bull market funds no existence after the downfall of oil prices and market price that prefers the safe haven with the likes of NZD as a higher yielding currency. While the oil prices, turmoil has sparked a huge debate after the downfall of financial market & diminish the demand for highly volatile assets.
After a fresh judgmental Asian trading session. The Kiwi continues to fall in the global sentiment index with the downfall of equities & oil prices. While much the US CPI numbers can decide the fate of a currency pair: “NZD/USD”
NZD/USD Levels to consider
The resistance level at 0.6615/25 has extended a minor gain at 0.6651/61 levels. The downside, immediate support stood at 0.6578/0.6606 (In consideration of the 200-SMA level)
The resistance level at 0.6615/25 has extended a minor gain at 0.6651/61 levels. The downside, immediate support stood at 0.6578/0.6606 (In consideration of the 200-SMA level)
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