Back
18 Dec 2013
NZD/USD holds in ranges ahead of the FOMC
FXstreet.com (Córdoba) - At the beginning of the Asian session the NZD/USD reached a fresh daily high at 0.8285 but pulled back later toward 0.8260. At the moment of writing trades at 0.8266, unchanged from yesterday's closing price.
NZD/USD remains capped below 0.8300
The pair continues to move in a range with support at 0.8240 and resistance below 0.8290 since the beginning of the week. During the recent American session traded a few minutes minutes under 0.8240 but it was rejected and rose quickly back above.
The bias continues to be sideways ahead of the FOMC meeting. The Federal Reserve will decide on monetary policy and later, Ben Bernanke will held his last press conference as FED's chairman. Recent economic data on New Zealand current account had no impact on the value of the Kiwi.
NZD/USD remains capped below 0.8300
The pair continues to move in a range with support at 0.8240 and resistance below 0.8290 since the beginning of the week. During the recent American session traded a few minutes minutes under 0.8240 but it was rejected and rose quickly back above.
The bias continues to be sideways ahead of the FOMC meeting. The Federal Reserve will decide on monetary policy and later, Ben Bernanke will held his last press conference as FED's chairman. Recent economic data on New Zealand current account had no impact on the value of the Kiwi.