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2 Mar 2015

NZD/USD trims losses

FXStreet (Córdoba) - ">NZD/USD started the week moving to the downside and dropped 0.7510, reaching the lowest level since Wednesday. During the European session recovered ground and rose trimming losses.

Recently climbed to 0.7539 and currently trades at 0.7534, down 0.38% for the day so far. The kiwi is falling against the US dollar after posting on Friday, the highest daily close in a month.

NZD/USD levels to watch

The upside remains limited by the 0.7550 area; price has been unable to consolidate above keeping the NZD/USD pair moving sideways with a slightly bullish bias. To the upside, resistance might lie at 0.7575, 0.7610 and 0.7680. On the opposite direction support could be located at 0.7510, 0.7480 and 0.7440.

Mar 2, 2015

SEB: EUR/USD to see a small pause before resuming lower – eFXnews

The eFXnews Team shares SEB’s intraday technical outlook for EUR/USD, with SEB predicting the pair to head lower towards 1.1098 after seeing a minor upside action.

Greater risk of a BoC rate cut than RBA – BBH

The Brown Brothers Harriman Team, explain that risks are tilted more towards a BoC rate cut than by the RBA, but chances of a strong rally are less as failure to cut rates will only raise conviction for a later move.