Forex Trading: NZD/USD Has Continued To Move Lower
By Greg Michalowski on January 14, 2009 | More Posts By Greg Michalowski | Forex News By FXDD
The NZD/USD has continued to move lower today on the back of the worries about country risk due to sharply lower global growth and expectations of a worsening of the current account balance for the country. The downgrade in Greece’s rating certainly has not helped the sentiment for the pair.

The NZD/USD has moved to the lowest level since December 10th. The low for the move in 2008 has been 0.5188. This is the next longer term target for the pair. On the upside, yesterday’s low was 0.5458. This level should find sellers against it if the pressure is to remain.
Posted in Categories: Contributor, External Research, Forex, New Zealand, USA.
If you like this article please...
Leave A Comment :
Recent Market Opinions:
ETFs That May Be Affected By Clean Energy Bill
Expected Next 30-Day Volatility Is Still Well Above The Non-Crisis Level
America: Decline Or Revival?
Hotel Metrics Down, Others Finally Catching On
A Clear Picture On The US Debt Situation
Recent News:
Bay Street Stocks Rise Slightly, Finish Week Lower - Canadian Commentary - 1 day ago
Mining Stocks Lead TSX Mildly Higher - Canadian Commentary - 1 day ago
European Markets Fall On Weak Eurozone Retail Sales Data, Miners - European Commentary - 1 day ago
Turkey June Consumer Price Inflation Up, Producer Prices Drop - 1 day ago
Toronto Stocks Move Slightly Higher Amid Light Trading - Canadian Commentary - 1 day ago
Opinions From Our Contributors


