Unsere besten Spreads und Konditionen
Über die Plattform
Handelsnachrichten
Back
12 Mar 2015
NZD/USD rejected at 0.74, RBNZ supports
FXStreet (Mumbai) - NZD/USD extended its upward momentum in the European morning, rallying more than 1%, as the RBNZ’s decision to keep its policy unchanged supported the domestic currency.
NZD/USD bounces-off three-day highs
Currently, the NZD/USD pair rallies 1.29% at 0.7384, having posted fresh three-day highs at 0.7398 levels few minutes ago. NZD/USD accelerated gains and jumped more than 100 pips as the European opening brought in a fresh round NZD buying as traders cheered the Reserve Bank of New Zealand’s (RBNZ) status quo on its monetary policy decision.
RBNZ Governor Graeme Wheeler noted, "Our central projection is consistent with a period of stability in the OCR.” "However, future interest rate adjustments, either up or down, will depend on the emerging flow of economic data."
RBNZ kept its OCR unchanged at 3.5% and left its 90-day bank bill track unchanged into early 2017, which signals that they don't foresee any rate cuts, or hikes, until at least then.
Meanwhile, traders now shift their attention towards a deluge of US economic releases later in the day for further momentum on the pair.
NZD/USD Levels to consider
To the upside, the next resistance is located at 0.7398 (Today’s High) levels and above which it could extend gains to 0.7441 levels. To the downside immediate support might be located at 0.7300 levels below that at 0.7288 (Today’s Low) levels
NZD/USD bounces-off three-day highs
Currently, the NZD/USD pair rallies 1.29% at 0.7384, having posted fresh three-day highs at 0.7398 levels few minutes ago. NZD/USD accelerated gains and jumped more than 100 pips as the European opening brought in a fresh round NZD buying as traders cheered the Reserve Bank of New Zealand’s (RBNZ) status quo on its monetary policy decision.
RBNZ Governor Graeme Wheeler noted, "Our central projection is consistent with a period of stability in the OCR.” "However, future interest rate adjustments, either up or down, will depend on the emerging flow of economic data."
RBNZ kept its OCR unchanged at 3.5% and left its 90-day bank bill track unchanged into early 2017, which signals that they don't foresee any rate cuts, or hikes, until at least then.
Meanwhile, traders now shift their attention towards a deluge of US economic releases later in the day for further momentum on the pair.
NZD/USD Levels to consider
To the upside, the next resistance is located at 0.7398 (Today’s High) levels and above which it could extend gains to 0.7441 levels. To the downside immediate support might be located at 0.7300 levels below that at 0.7288 (Today’s Low) levels