The primary trend of NZD/USD is bearish, but prices
are no more sustaining at lower levels & consolidating with a positive
bias. The pair is taking resistance of falling trendline expected to give break
out at upside. If NZD/USD sustains above
the psychological level of 0.7880 then
it can come up to the levels of 0.7930/0.7970
Prices are taking resistance from 30 DMA
& 200 DMA supporting the
upcoming bullishness in the market. RSI is sustaining in buying
territory & indicating the positive side movement for this week. In MACD ,
MACD line has recently breach the zero
line & supporting the upside movement for next few sessions.
TODAY's ECONOMIC EVENTS
WHAT SHOULD BE THE STRATEGY?
NZD/USD has bounced back from the lower level & looking bullish on charts for next few session. One can go for buy on dips strategy for this pair for intra day to mid term positions.
TODAY's ECONOMIC EVENTS
| Date | Time (GMT) | Currency | Economic Data | Forecast | Previous |
| MON JAN 12th | 12:30am | AUD | ANZ Job Advertisements m/m | 0.70% | |
| 2015 | AUD | Home Loans m/m | 1.80% | 0.20% | |
| 15:30:00 | CAD | BOC Business Outlook Survey | |||
| 5:40pm | USD | FOMC Member Lockhart Speaks | |||
| 11:50pm | JPY | Current Account | 0.69T | 0.95T |
WHAT SHOULD BE THE STRATEGY?
NZD/USD has bounced back from the lower level & looking bullish on charts for next few session. One can go for buy on dips strategy for this pair for intra day to mid term positions.
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