3 Jul 2013
NZD/USD 9 days already hovering around 0.7750
FXstreet.com (Barcelona) - The NZD/USD foreign exchange rate is last trading at 0.7751, around session lows, but still little moved in last 9 trading days, holding ground above the 0.77 round bid line.
NZD/USD volatility dropping
With all eyes now in neighbor's Australia retail sales and trade balance data at 01:30 GMT, the Kiwi dollar is trapped inside a very narrow trading range 0.7767/0.7735, making volatility to dramatically slow down, last around the 128 pips per day on average for last 14 trading days.
NZD/USD Key technical levels
Immediate support to the downside for NZD/USD lies at yesterday's lows 0.7735, followed by Friday's/June 20 lows at 0.7710, and June 24 fresh 1-year lows at 0.7681. Closest resistance to the upside shows at recent session highs at 0.7768, followed by June 25 highs at 0.7798, and Monday's/Tuesday's weekly highs at 0.7830.
NZD/USD volatility dropping
With all eyes now in neighbor's Australia retail sales and trade balance data at 01:30 GMT, the Kiwi dollar is trapped inside a very narrow trading range 0.7767/0.7735, making volatility to dramatically slow down, last around the 128 pips per day on average for last 14 trading days.
NZD/USD Key technical levels
Immediate support to the downside for NZD/USD lies at yesterday's lows 0.7735, followed by Friday's/June 20 lows at 0.7710, and June 24 fresh 1-year lows at 0.7681. Closest resistance to the upside shows at recent session highs at 0.7768, followed by June 25 highs at 0.7798, and Monday's/Tuesday's weekly highs at 0.7830.