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New Zealand markets closed

  • NZX 50

    11,796.21
    -39.83 (-0.34%)
     

  • NZD/USD

    0.5892
    -0.0013 (-0.22%)
     

  • NZD/EUR

    0.5523
    -0.0022 (-0.39%)
     

  • ALL ORDS

    7,817.40
    -81.50 (-1.03%)
     

  • ASX 200

    7,567.30
    -74.80 (-0.98%)
     

  • OIL

    83.24
    +0.51 (+0.62%)
     

  • GOLD

    2,406.70
    +8.70 (+0.36%)
     

  • NASDAQ

    17,037.65
    -356.67 (-2.05%)
     

  • FTSE

    7,895.85
    +18.80 (+0.24%)
     

  • Dow Jones

    37,986.40
    +211.02 (+0.56%)
     

  • DAX

    17,737.36
    -100.04 (-0.56%)
     

  • Hang Seng

    16,224.14
    -161.73 (-0.99%)
     

  • NIKKEI 225

    37,068.35
    -1,011.35 (-2.66%)
     

  • NZD/JPY

    91.0710
    -0.1830 (-0.20%)
     

NZD/USD Forecast August 21, 2017, Technical Analysis

Christopher Lewis
Updated

The New Zealand dollar rose during the day on Friday, as we continue to see the US dollar get beaten up on. The New Zealand dollar is highly sensitive to commodity markets, so pay attention to those obviously. If we can break above the 0.7340 level, I think that the market will make a move to the upside. We have recently broken above and a significant downtrend line, and it looks likely that the buyers are coming in to support this move. I think eventually we could go looking towards the 0.75 handle, as we continue to see a significant amount of volatility, but certainly an equal amount of value hunting.

NZD/USD Video 21.8.17

This article was originally posted on FX Empire

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