As Mike Jones put it, Currency Strategist at BNZ: “the 0.8145-0.8250 range remains firmly intact. Notably, one-month NZD/USD implied volatility has now fallen to 15-year lows, suggesting (options) traders don’t expect recent ranges to break before Christmas,” the analyst says. Local share markets show a negative tone overall, with Nikkei index lower by -0.48%.
Immediate support to the downside for NZD/USD lies at yesterday's lows 0.8190, followed by Thursday's highs at 0.8166, and past Wednesday's lows at 0.8110. To the upside, nearest term resistance shows at recent session highs/Monday lows 0.8214, followed by yesterday's highs at 0.8239, and Friday's highs at 0.8251.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these securities. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Forex involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.