- The NZD / USD is trading at a low as Wall Street futures fall.
- Predominantly ranged in ranges, DXY is approaching 91.00.
The NZD / USD is trading at 0.7023, the low of the day on Tuesday. The kiwi shows some weakness, but moderate routes still predominate. Between the high and low of the day, the distance does not exceed 30 pips.
The dollar rises modestly in the market. The DXY is approaching the 91.00 zone. In the last hour the impulse came from the side of an extension of the fall of Wall Street futures. The main indices point to a negative opening with falls around 0.5%.
The lack of progress in trade talks between the UK and the European Union is among the negative factors for investors. What happens in the equity markets can be decisive for the pair.
Data for the US will be released, but not what usually influences the markets. In the Asian session on Wednesday, China’s inflation figures will be released.
From a technical point of view, the dominant trend of the NZD / USD is bullish, but in the short term the bias points to the downside, with the torque in correction mode from the peak in the area of 0.7100 / 10. The 0.7000 zone is the next relevant support and a drop below could accelerate the run. On the upside, 0.7065 is the important resistance.
Technical levels
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