NZD USD got to several month high in forex market
1/31/2017 12:20:13 PM
The NZD expands its upbeat momentum against USD for the 3rd direct session today, now the NZD/USD pair more towards 12 week highs got last week at 0.7320.
At present, the NZD versus USD pair trades +0.0.09% higher at 0.7295, lead on with daily highs of 0.7400. The major is on the growth mostly driven by the recent decline surrounding the dollar, in light of mounting concerns over Trump’s economic policies, with latest one being the immigration curbs.
To the upside, the next persistence is placed at 0.7320, above which it could expand gains to 0.7347 and from there to 0.7405. To the downside immediate support might be placed at 0.7270 and from there to at 0.7255, below which 0.7215 would be tested.
FOREX market analysis by FxErvin.