NZD/USD perched at 200 dma to end Asia 2015

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Dec 30, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    FXStreet (Guatemala) - NZD/USD has remained in a tight range in very quiet holiday season and is oscillating at the 200 DMA trading at 0.6842 today.

    This level is a place where the bird is going to be perched to end 2015 by the looks of it with very little volume in Asia today with Tokyo out and no data until the US shift. The bird remains in recovery from end of Nov lows on the at 0.6897 October highs downtrend. We have the last of US data and Chinese non-manufacturing and NBS manufacturing to end the year.

    NZD/USD levels

    Technically, the price has risen to challenge the 200 DMA at 0.682 vs the downtrend of 0.76. A break of the psychological 0.70 handle remains a key objective to close the gap at 0.7107. A reversal looks in at the 20 DMA at 0.6750 below S3 at 0.6800.
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