DirectFX-phone-number-and-phone-image3.gif

p_7_top.jpg

Get a free Quote

Name
Email
Phone
From CCY
To CCY
Amount
Message
please type the characters you see:
(spam filter)
spam control image
 
p_1_top.gif

Apply now

Obligation free account and currency commentary btn_apply_for.gif
p_1_bottom.gif
Browse By Topic

FX News

Most recent FX News:

Read more

NZD sees relief against the EURO.

Written by Sam Coxhead on May 25th, 2012.      0 comments

5:09 PM (NZT) This week has been a relatively volatile one for this pairing. The NZD saw initial demand to start the week before the selling interest again emerged and pushed it back to the recent lows. However overnight profit taking emerged and this drove demand for NZ dollars across the board and against the EUR was no exception. The NZD appreciation has halted somewhat at the initial  resistance at .6020 (1.6600 resistance). A sustained break of this level would indicate further appreciation of the NZ dollar as it takes back recently lost ground. .5900(1.6950) is now the target for any NZD weakness.
 
The current interbank midrate is:                                                            NZDEUR .6020                               EURNZD 1.6611
                                                               
The interbank range so far this week to date has been:                 NZDEUR .5903 - .6024                EURNZD 1.6600 – 1.6940
Topics: Euro, NZD
 

Comments