FxWirePro
Long

Kiwi recovers after RBNZ'S comment, targets 0.6800

FX:NZDUSD   New Zealand Dollar / U.S. Dollar
206 0 4
Kiwi has broken major resistance 0.6990 after comments on level and rates by RBNZ governor Wheeler .

"At current levels of export prices, a more substantial exchange rate depreciation is therefore required to stabilise the net external liabilities position relative to GDP," Wheeler said

RBNZ dismisses the predictions of for large declines in interest rates because that would be consistent with the economy moving into recession.

Technically it has broken major resistance 0.6990 and this confirms short term bullishness , a jump till 0.6770/0.6800 cannot be ruled out .

Short term bullish invalidation can happen only below 0.6650.

The minor support is around 0.6680.

It is good to buy at declines at 0.6710 with SL around 0.6675 for the TP of 0.6770/0.6795.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out