As market mood gradually improves, the NZD/USD pair finds buying demand around 0.6200 and further more it is looking to reach 06300 Investors' willingness to take risks is increased by China's positive Retail Sales figures. The US currency depreciates marginally ahead of Fed policy decisions.
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As the sell-off continues, the NZD/USD pair slips to 0.6040 on Wednesday in the late Asian session. Investor caution ahead of the Federal Reserve's (Fed) interest rate decision, which is scheduled to be made public at 18:00 GMT, has put pressure on the Kiwi asset.
A decrease in investors' risk appetite is reflected in the S&P 500 futures, which saw minor losses throughout the Asian session. Ahead of Fed policy, investors remain cautious, as the US Dollar Index (DXY) steadies at roughly 103.85.
It is possible to drop to 0.59 level and bounce to 0.63-0.64 level later...My opinion...Nice charts analysis as well as nice price actions projections...Good luck,traders!
bizabubakar
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@milos.miljkovic1976, good.. That is what we are seeing now
Nzd closed in red : daily and weekly, lower than your “suport” , dxy closed in green, both daily and weekly. Do you watch dxy movement ? It’s a dangerous trade to go up against the trend.
Ali_Explorer
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@SilviuMihaila, thanks for your comment and hoping that you will keep keep commenting and will be sharing your point of view....
Ali_Explorer
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Comment, Follow and hit your like for more accurate analysis on different pairs of the Forex, Crypto and other assets.
SilviuMihaila
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@Ali_Explorer nzd closed at 0.59919, USd closed 104,3 ! You are delusional and you will make people lose their money !!!!