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Derived real-time data in partnership with:
Thomson Reuters
May 17 - 09:48 PM
NZD/USD - Short Lived Bounce Yesterday - December Low Beckons
First appeared on eFXplus on May 17 - 07:35 PM
  • +0.1% early, after closing -0.3%, reversing yesterday's post budget gains
  • No data today, awaiting comments when US/CN trade talks finish for the day
  • Topside failure fuels downtrend, 5, 10 & 20 daily & weekly MAs head south
  • Primary trend lower until close above falling 10 DMA - today @ 0.6933
  • NY 0.6894 high then yesterday's post budget 0.6939 top first resistance
  • 0.6872 NY low then this week's 0.6851 trend low initial support

nzd may 18 Click here

Source:
Thomson Reuters IFR Markets

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