The Kiwi barely registers NZ GDP figures, which came in at expectation, but forecasts aren’t expecting much from the NZ economy lately. The NZD/USD is toying with 2018’s key low as bidders remain constrained by overall market sentiment. The NZD/USD is trading near 0.6860, flat for Thursday and close to Wednesday’s closing price. The Kiwi was little-moved following the New Zealand GDP figures, which came in at expectations, and the NZD/USD pair is free to continue moving with overall market sentiment. GDP figures for the first quarter was the big showing for the NZD this week, and little else remains on the NZ side of the data docket, though US Jobless Claims will be hitting in the US session later today, and at 12:30 GMT Initial Jobless Claims are expected to tick up slightly from 218 thousand to 220 thousand. NZD/USD levels to watch The Kiwi is accelerating into 2018’s low for the pair of 0.6854, and NZD buyers could be looking to set off a double bottom reversal from the key support level, though a break lower will see further declines into the December 2017 swing low of 0.6816. Spot rate: 0.6864 Relative change: Negligible High: 0.6865 Low: 0.6858 Trend: Bearish Resistance 1: 0.6900-0.6923 area figure and supply/demand level Resistance 2: 0.6960, June 1 low Resistance 3 0.7000 figure Support 1: 0.6854, current 2018 low Support 2: 0.6816 December 1, 2017 low Support 3: 0.6780, 2017 low 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 Forex today: market sentiment repairing itself as the USD keeps pressure taut FX Street 5 years The Kiwi barely registers NZ GDP figures, which came in at expectation, but forecasts aren't expecting much from the NZ economy lately. The NZD/USD is toying with 2018's key low as bidders remain constrained by overall market sentiment. The NZD/USD is trading near 0.6860, flat for Thursday and close to Wednesday's closing price. The Kiwi was little-moved following the New Zealand GDP figures, which came in at expectations, and the NZD/USD pair is free to continue moving with overall market sentiment. GDP figures for the first quarter was the big showing for the NZD this week, and little else remains… Regulated 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.
