Monday, August 25, 2014

The Kiwi could still visit the 0.8300 level

The New Zealand Dollar keeps dropping versus the greenback as shown on the Daily chart. The downtrend is clearly well sustained and it has been behaving very “technical” around the recent round number prices, like the 0.8500 and the 0.8400. Even though on the Daily candle the NZD/USD is trying to correct a little bit, it has not shown an exact visit to the 0.8300 level. Therefore, a drop to that level is still possible and a bounce afterwards is not off the table.


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5 comments:

  1. AnonymousAug 26, 2014, 3:35:00 AM

    Good point, I'll be watching.

    ReplyDelete
  2. UnknownAug 26, 2014, 4:30:00 AM

    Very helpful post, I'll have it in mind.

    ReplyDelete
  3. UnknownAug 26, 2014, 6:07:00 AM

    It looks like it still could, you are right.

    ReplyDelete
  4. UnknownAug 26, 2014, 2:05:00 PM

    the strong dollar is pulling all the major currencies down

    ReplyDelete
  5. UnknownAug 28, 2014, 1:35:00 AM

    The cyclone of the market . USD :-)

    ReplyDelete

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