Sideways NZD/USD stuck below 0.6800
|- RBNZ Chief Orr statement falls on deaf ears as traders remain focused on trade war antics.
- Steady NZD sees continued tight action as the pair continues to cycle at familiar levels.
The NZD/USD pairing remains trapped underneath the 0.6800 handle heading through Tuesday's Asian market session, as the Reserve Bank of New Zealand (RBNZ) sees market focus wane as traders remain glued to trade war threats abroad.
RBNZ: Households remain exposed to financial shocks due to their large mortgage debt burden
The RBNZ's early Tuesday showing drew little attention as traders remain focused on trade war rhetoric over the Sin-US tariff spat, and fears of knock-on risk exposure keep currency markets constrained as investors fear fallout. Despite this, the RBNZ has managed to maintain a steady drumbeat on interest rates, suggesting that future rate changes could be "up or down", and the New Zealand central bank is expected to stand pat for the foreseeable future, especially with rising potential for a full-blown US-CHina trade war threatening stability in the Pacific region.
NZD/USD Technical Levels
NZD/USD
Overview:
Today Last Price: 0.6789
Today Daily change: -3.0 pips
Today Daily change %: -0.0442%
Today Daily Open: 0.6792
Trends:
Previous Daily SMA20: 0.6752
Previous Daily SMA50: 0.6636
Previous Daily SMA100: 0.6658
Previous Daily SMA200: 0.6874
Levels:
Previous Daily High: 0.6811
Previous Daily Low: 0.6753
Previous Weekly High: 0.6876
Previous Weekly Low: 0.6767
Previous Monthly High: 0.663
Previous Monthly Low: 0.6424
Previous Daily Fibonacci 38.2%: 0.6789
Previous Daily Fibonacci 61.8%: 0.6775
Previous Daily Pivot Point S1: 0.676
Previous Daily Pivot Point S2: 0.6727
Previous Daily Pivot Point S3: 0.6702
Previous Daily Pivot Point R1: 0.6818
Previous Daily Pivot Point R2: 0.6843
Previous Daily Pivot Point R3: 0.6876
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