7 Apr 2015
NZD/USD flattish around 0.7540
FXStreet (Mumbai) - NZD/USD recovered previous losses and trades muted in the European session, swinging between gains and losses, and failed to react on Reserve Bank of Australia's (RBA) decision.
NZD/USD slips from 0.7562
Currently, the NZD/USD pair trades flat at 0.7541, retreating from 0.7562 highs. NZD/USD has formed a small doji candle on daily charts suggesting lack of clear direction for the pair. NZD/USD remained choppy failing to find support from its Oz neighbour following the RBA's decision to keep the cash rate unchanged at 2.25% in April.
Meanwhile, in absence of NZ data for the day, the pair may take fresh cues from FOMC minutes due tomorrow for further momentum on the pair.
NZD/USD Levels to consider
To the upside, the next resistance is located at 0.7562 (Today’s High) levels and above which it could extend gains to 0.7600 levels. To the downside immediate support might be located at 0.7500 levels below that at 0.7450 levels.
NZD/USD slips from 0.7562
Currently, the NZD/USD pair trades flat at 0.7541, retreating from 0.7562 highs. NZD/USD has formed a small doji candle on daily charts suggesting lack of clear direction for the pair. NZD/USD remained choppy failing to find support from its Oz neighbour following the RBA's decision to keep the cash rate unchanged at 2.25% in April.
Meanwhile, in absence of NZ data for the day, the pair may take fresh cues from FOMC minutes due tomorrow for further momentum on the pair.
NZD/USD Levels to consider
To the upside, the next resistance is located at 0.7562 (Today’s High) levels and above which it could extend gains to 0.7600 levels. To the downside immediate support might be located at 0.7500 levels below that at 0.7450 levels.