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.
Cancel Confirm
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.
Confirm
Trading news
Back
13 Aug 2020

NZD/USD Price Analysis: Flirts with session lows near 0.6565 area, remains vulnerable

  • NZD/USD faced rejection near the 0.6600 and has now drifted into the negative territory.
  • The technical set-up favours bearish traders and supports prospects for further weakness.

The NZD/USD pair failed to capitalize on the previous day's goodish intraday bounce from near one-month lows and faced rejection near the 0.6600 mark on Thursday. The intraday selling bias has now drifted the pair into the negative territory, with bears now looking to extend the slide towards the lower boundary of a three-week-old descending channel.

Meanwhile, technical indicators on the daily chart have just started drifting into the bearish territory and reinforce the near-term negative outlook. Hence, some follow-through weakness back towards challenging the mentioned trend-channel support, currently around the 0.6515 region, now looks a distinct possibility.

Some follow-through selling will confirm a near-term bearish breakdown and set the stage for a further near-term depreciating move. The pair might then turn vulnerable to break below the key 0.6500 psychological mark and accelerate the fall towards the 0.6400 round-figure mark en-route the next major support near the 0.6380 region.

On the flip side, the 0.6600 mark now seems to have emerged as immediate strong resistance. A sustained move beyond might trigger some near-term short-covering move and lift the pair further beyond weekly tops, around the 0.6625 region, towards challenging the trend-channel resistance, currently near mid-0.6600s.

NZD/USD 4-hourly chart

fxsoriginal

Technical levels to watch

 

Aug 13, 2020

French FinMin Le Maire: We will further accelerate our economic recovery plan from August 25 onwards

French Finance Minister Bruno Le Maire was on the wires in the last minutes, via Reuters, making some comments on the economy, relief aid and the US t
Read more Previous
Aug 13, 2020

Ireland HICP (MoM) fell from previous 0.4% to -0.2% in July

Ireland HICP (MoM) fell from previous 0.4% to -0.2% in July
Read more Next