NZDUSD 2017-12-14 Intra-day analysis.

USD slips as Fed hikes rates

Dec 14 2017, 10:23 am

NZDUSD intra-day analysis

NZDUSD (0.7004): The New Zealand dollar managed to break past the 0.6891 level of resistance with price action maintaining the bullish momentum. Any retracements could be seen falling back to this level to establish support. To the upside, the next target for NZDUSD comes in at 0.7062 where the next main resistance level remains to be tested. In the event that NZDUSD slips back below the 0.6891 support level, we could expect to see the declines retesting the previous lower support at 0.6907.

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John has over 8 years of experience specializing in the currency markets, tracking the macroeconomic and geopolitical developments shaping the financial markets. John applies a mix of fundamental and technical analysis and has a special interest in inter-market analysis and global politics.

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