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
Archive

FX News

Most recent FX News:

Read more

The NZDCAD pair lacking direction in a week with limited economic data.

Written by Sam Coxhead on October 12th, 2012.      0 comments

2:07 PM (NZT) This pair has seen a very contained range for the week. It has bounced off the support at .7975 three times and has been contained by resistance at .8030 twice. With limited economic data in either economy, the pair has just been washing around within this contained range. Further NZ dollar weakness would likely see the support broken at .7975 and the way opened for investigations lower to .7900. The complicating factor will likely be the CAD relationship to the USD and its movements and we approach the end of the year. The US election on November 6th, and the pending “fiscal cliff” in the US points towards increasing volatility in the coming weeks.
 
The current interbank midrate is:                                                            NZDCAD .7999                              
                                                               
The interbank range so far this week to date has been:                 NZDCAD .7972 - .8032              
Topics: NZD CAD
 

Comments