Confirming you are not from the U.S. or the Philippines

By giving this statement, I explicitly declare and confirm that:
  • I am not a U.S. citizen or resident
  • I am not a resident of the Philippines
  • I do not directly or indirectly own more than 10% of shares/voting rights/interest of the U.S. residents and/or do not control U.S. citizens or residents by other means
  • I am not under the direct or indirect ownership of more than 10% of shares/voting rights/interest and/or under the control of U.S. citizen or resident exercised by other means
  • I am not affiliated with U.S. citizens or residents in terms of Section 1504(a) of FATCA
  • I am aware of my liability for making a false declaration.
For the purposes of this statement, all U.S. dependent countries and territories are equalled to the main territory of the USA. I accept full responsibility for the accuracy of this declaration and commit to personally address and resolve any claims or issues that may arise from a breach of this statement.
We are dedicated to your privacy and the security of your personal information. We only collect emails to provide special offers and important information about our products and services. By submitting your email address, you agree to receive such letters from us. If you want to unsubscribe or have any questions or concerns, write to our Customer Support.
Octa trading broker
Open trading account
Test

Important information

By using this website, you confirm you are not a resident of the European Union, the United States of America, the United Kingdom, Iran, Myanmar, North Korea, Norway, Iceland, Switzerland, Liechtenstein, and the Philippines or accessing it from these jurisdictions. We assume no liability for the consequences of non-compliance with local laws.

Back

NZD/USD recovers to move back above 0.6900 handle

Extending its bounce from Wednesday's low of 0.6860, the NZD/USD pair rose above 0.6900 on Thursday and is currently trading at the day's peak of 0.6910.

On Wednesday, the pair faded its spike to 0.6940 level on strong NZ employment numbers and fell to its weekly low level of 0.6860 on some positive economic data from the US. The pair rebounded from an important support near 0.6850-40 area and from near oversold conditions on hourly chart.

Moreover, the pair already seems to have formed a bearish double-top chart pattern near 0.7050-55 area, which would be confirmed once the pair decisively weakness below an important horizontal support near 0.6850-45 zone. The pair is currently trading just below 0.6915 level (hourly 50-SMA).

Technical levels to watch

On a sustained move above 0.6915 resistance, the pair could immediately aim towards testing yesterday's high level resistance near 0.6940 level, which if cleared seems to dart towards its next major resistance near 0.6975-80 area.

On the downside, 0.6850-45 area remains key support to watch for, which if broken would confirm the bearish double-top formation and should trigger a fresh leg of weakness immediately towards 50-day SMA support near 0.6810 level.

UK services PMI preview: What to expect of GBP/USD?

The GBP/USD pair deflates from daily highs as we head towards the European open, shrugging-off solid bounce staged by the oil prices. The major pares gains and trades around 1.4515 levels as markets begin to price-in a disappointing UK services PMI print, which is due to be published at 8.30GMT today.
Read more Previous

UK service PMI to highlight negative impact of Brexit uncertainty - MUFG

Lee Hardman, Currency Analyst at MUFG, notes that the Cable has been one of the hardest hit crosses by the recent rebound in the US dollar falling sharply after an intra-day high early this week at 1.4770.
Read more Next