- NZD/USD is edging higher after posting small losses on Monday.
- US Dollar Index stays in the red near 90.00.
- Wall Street's main indexes look to renew all-time highs.
The NZD/USD pair closed the first day of the week slightly lower but gained traction on Tuesday as the greenback continues to have a difficult time finding demand as a safe-haven. As of writing, the pair was up 0.55% on a daily basis at 0.7136.
DXY retreats toward 90.00
In the absence of significant macroeconomic data releases and fundamental drivers, the market's risk perception remains the primary driver of major currency pairs' movements.
Reflecting the upbeat market mood, US stock index futures gain between 0.4% and 0.5% on Tuesday, suggesting that Wall Street's main indices remain on track to notch new record highs at the opening bell. In the meantime, the US Dollar Index (DXY) is losing 0.35% at 90.03.
With the New Year holiday approaching, however, the trading action is likely to remain subdued in the remainder of the week.
Technical levels to watch for
|Today last price||0.7133|
|Today Daily Change||0.0032|
|Today Daily Change %||0.45|
|Today daily open||0.7101|
|Previous Daily High||0.7139|
|Previous Daily Low||0.7084|
|Previous Weekly High||0.7125|
|Previous Weekly Low||0.7002|
|Previous Monthly High||0.7052|
|Previous Monthly Low||0.6589|
|Daily Fibonacci 38.2%||0.7105|
|Daily Fibonacci 61.8%||0.7118|
|Daily Pivot Point S1||0.7077|
|Daily Pivot Point S2||0.7052|
|Daily Pivot Point S3||0.7021|
|Daily Pivot Point R1||0.7132|
|Daily Pivot Point R2||0.7164|
|Daily Pivot Point R3||0.7188|
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 assets. 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 Open Markets 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. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.