The NZD/USD is flashing red, now trading at the lowest level since November 21. The RBNZ is expected to keep interest rates unchanged. The NZD/USD fell to 0.6815 on Wednesday – the lowest level since November 21. The currency pair had picked up a bid in early Asia after New Zealand reported a surplus of $294 million but ran into offers at 0.6859, likely due to trade fears and the resulting selling in NZD/JPY, slide in Yuan and the drop in AUD/USD. The currency pair is on the defensive and could extend losses further if the slide in China’s Yuan triggers risk aversion. Focus on RBNZ Thursday’s RBNZ official cash rate decision will not surprise, with a unanimous poll suggesting no change, according to Reuters. However, the policy statement may cause volatility. NZD/USD Technical Levels Support: 0.68 (psychological level), 0.6780 (November 17 low), 0.6675 (May 2016 low). Resistance: 0.6826 (June 21 low), 0.6867 (5-day moving average), 0.6895 (10-day moving average). FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next RBNZ OCR review to come and go without any ruffles – NAB FX Street 3 years The NZD/USD is flashing red, now trading at the lowest level since November 21. The RBNZ is expected to keep interest rates unchanged. The NZD/USD fell to 0.6815 on Wednesday - the lowest level since November 21. The currency pair had picked up a bid in early Asia after New Zealand reported a surplus of $294 million but ran into offers at 0.6859, likely due to trade fears and the resulting selling in NZD/JPY, slide in Yuan and the drop in AUD/USD. The currency pair is on the defensive and could extend losses further if the slide in China's Yuan… Top Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
