NZD/USD up to test the vicinity of 200 DMA at 0.6853

FXStreet (Guatemala) - NZD/USD> remains on its perch trading at the highest levels within the ascending channel from middle of November lows of 0.6431.

Despite the Fed hike, the bird managed a bid from 0.6680 supporting territory post the FOMC meeting while the greenback softened into the pre-Xmas closing sessions.

Commodities are the driver at the moment rather than the Central Banks divergence theme for the time being with oil bouncing back in a short squeeze of over 4% last week, and coupled with a positive new Zealand trade balance the upside remains favoured as we head towards the close of 2015 this week.

NZD/USD levels

Technically, a break of the 200 DMA at 0.6853 would be compelling for a continuation of the positive theme backing the bird. However, the broader bearish trend is yet to be fully contested from above 0.76 and the psychological 0.70 handle remains an obstacle to close the gap at 0.7107. A reversal looks in at the 20 DMA at 0.6726 below S3 at 0.6791.

Dec 28, 2015

USD/JPY bulls look for cloud base resistance

There is a little life out there to start the week although USD/JPY managed to open early Asia and recover from the lows of 120.09 to mark a high on the open so far in Tokyo of 120.35.
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Dec 28, 2015

USD/JPY extends the bid for new session highs

USD/JPY bulls have shown some intent taking the price to new highs for the last couple of sessions and recovering in style from the opening lows of 120.09.
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