29 Apr 2015
NZD/USD keeps testing 0.7740
FXStreet (Córdoba) - NZD/USD reached a fresh 3-month high at 0.7742, but still remain unable to make a bullish run above 0.7740.
NZD/USD limited
The kiwi is rising moderately against the US dollar but is the worst performer among commodity currencies, falling sharply versus the aussie and the loonie. While AUD/USD is trading considerable above yesterday’s highs, NZD/USD continues to hold around April highs. A clear break above 0.7740 could open the door for further gains.
Volatility is likely to rise in price the price of the pair taking into account that the FOMC statement will be release at 18:00 GMT and then Reserve Bank of New Zealand will announce its decision at 21:00 GMT.
NZD/USD limited
The kiwi is rising moderately against the US dollar but is the worst performer among commodity currencies, falling sharply versus the aussie and the loonie. While AUD/USD is trading considerable above yesterday’s highs, NZD/USD continues to hold around April highs. A clear break above 0.7740 could open the door for further gains.
Volatility is likely to rise in price the price of the pair taking into account that the FOMC statement will be release at 18:00 GMT and then Reserve Bank of New Zealand will announce its decision at 21:00 GMT.