New Zealand Dollar is showing signs of weakness, as NZDUSD is down around 300 pips in last two weeks from highs of 0.7558. This could well be the start of new down trend.

Recent fundamental numbers remain mixed, while Trade Balance shown improvement, CPI failed to rise and GDT Price Index remain flat.

0.7200 level is an important support level and if price is pushed harder below this level and it would pave the way towards 0.7050 level and even further down towards 0.6950 level.

Translate to Inglese Show original

Since you are not logged in, we don't know your spoken language, but assume it is Inglese
Please, sign in or choose another language to translate from the list.

– o –