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NZD/USD: key data events in thin liquidity

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Dec 21, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    FXStreet (Guatemala) - NZD/USD is currently trading at 0.6727 with a high of 0.6738 and a low of 0.6719.

    NZD/USD has settled below the hourly 200 SMA at 0.6727 with supply coming in at the 100 SMA at 0.6746 while thin markets this week are likely to see little fluctuations in the absence of large positioning while desks are scarce in holiday markets. There are still some key data releases this week on the board; domestically for the bird the trade balance will be interest while the US release GDP and durable goods data. Today we had the largest Q/Q jump in Westpacs consumer confidence in two years with actual in at 110.7 vs prior 106.0.

    NZD/USD levels

    Technically, on the wide, the price targets the 0.6869 mark where the 200 DMA is located and to the downside, the 100 DMA at 0.6555 through the cluster of MA's guards the Nov lows at 0.6489.
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