Back to the Forex Alerts day's list
Alert - 15:00 (CET) - NzdUsd
|
As the kiwi is dependant of the swings in the international commodity prices and the swings of the stocks, it's no wonder that right now it's moving away from it's intraday highs against the Dollar. In ths session, the crude price is declining 3 dollars, influenced by the weak economic outlook.
The NzdUsd is trading at 0.5842, ranging between 0.5806 and 0.5967. Checking the hourly graphics, we see that the 20- and 50-day EMA are over the 200-day EMA.
The supports are at 0.5347 (April 9th low), 0.5658 (September 3rd 2003) and 0.5000 (key). As the current price broke the resistance at 0.5595 (October 26nd high), the traders are watching the next at 0.6018 (October 23rd high) and 0.6349 (October 14th high).
Meanwhile, the 60-minute RSI is at 41 points, rebounding from the overbought area. The average volatility per hour could reach 130 pips. Checking the daily graphics, the current price over the 61.80% (0.5557) and under the 50.00% (0.6055) Fibonacci retracement lines.
|
|
ACM Advanced Currency Markets SA (hereinafter referred as ACM) is a professional financial intermediary, directly regulated by the Swiss Federal Department of Finance, Anti Money Laundering Control Authority. As forex specialist, ACM provides only currency and precious metals trading via highly professional forex trading software. All customers are aware that this information or any part thereof has been prepared without taking account of your objectives, financial situation and/or needs. This information is not intended as personalized investment advice and does not constitute a recommendation. It is not an offer or solicitation of any offer to purchase or sell any financial instrument. The analysis is based on the information which ACM finds reliable and accurate, but ACM does not assume any responsibility for any material nor for the transactions made on the basis of the information or the estimates of the analysis. ACM cannot guarantee that these forecasts will materialize and cannot be held liable in any way for direct, indirect and/or consequential loss arising from any use of this information, document or its content. All opinions and estimates constitute ACM analysis as of the data and are subject to change without notice. ACM does not warrant the accuracy or completeness of information contained herein, such information is subject to change and is not intended to influence your investment decisions. Past performance is not a reliable indicator of future performance.
|