NZD/USD hits fresh 2-week lows

NZD/USD came under strong pressure on Friday, extending losses to fresh 2-week lows amid broad USD strength.

NZD/USD broke below previous lows in the 0.7170 zone and accelerated to a low of 0.7129 in recent dealings, with the greenback getting some support from Fischer comments and consumer sentiment data.

At time of writing, the pair is trading at 0.7135, down 0.97% on the day and on track for a 2.6% weekly loss.

NZD/USD levels to consider

As for technical levels, next supports are seen at 0.7107 (Oct 27 low), 0.7076 (Oct 14 & 17 lows) and 0.7034 (Oct 13 low). On the flip side, resistances line up at 0.7208 (100-day SMA), 0.7263 (10-day SMA) and 0.7306 (Nov 10 high).

Nov 11, 2016

US Dollar bid near 98.90 after data

The US Dollar Index – which tracks the buck against a basket of its main rivals – has recovered the smile and is now testing the area of 98.90, closer

AUD/USD resumes the decline and approaches 0.7500

AUD/USD resumed the downside after a short-lived recover and broke below the strong support area around 0.7550/60. The pair reached a fresh 4-week low...