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31 Dec 2014
NZD/USD finishing the year pushing bears back
FXStreet (Guatemala) - NZD/USD is trading at 0.7839, up 0.19% on the day, having posted a daily high at 0.7844 and low at 0.7825.
NZD/USD remains consolidated on the 0.78 handle as we move over for the New Years celebrations, post a last effort spike on the back of broad dollar weakness over night putting the pair back into neutral. The markets are especially thin and we are settled and steady awaiting full markets to return in the New Year. Technically, the pair is through the descending resistance established in November highs.
The main theme of 2015 will remain with the divergences of the global Central Banks and the RBNZ is one of a few, along with the Fed, that are tipped for rate rises. However, the race is determined already that the Fed ahead of the RBNZ on the curve where inflation is not something that is thought to be a concern for the RBNZ until well into late 2015.
NZD/USD remains consolidated on the 0.78 handle as we move over for the New Years celebrations, post a last effort spike on the back of broad dollar weakness over night putting the pair back into neutral. The markets are especially thin and we are settled and steady awaiting full markets to return in the New Year. Technically, the pair is through the descending resistance established in November highs.
The main theme of 2015 will remain with the divergences of the global Central Banks and the RBNZ is one of a few, along with the Fed, that are tipped for rate rises. However, the race is determined already that the Fed ahead of the RBNZ on the curve where inflation is not something that is thought to be a concern for the RBNZ until well into late 2015.