A fresh wave of USD buying sends NZD/USD to new cycle lows, at 0.8072 at the time of writing. No major US or New Zealand related headline has hit the wires. The kiwi is just suffering more than others at the moment from a wave of USD buying. 0.8050 was the low point in February. If the pair loses this one as well, it will be trading at the lowest level in one year: it traded around these areas back in September 2013. Support for the kiwi awaits at 0.8050, followed by the very round number of 0.80. Resistance is at 0.81, followed by 0.8150. Earlier, a peer commodity currency, the Canadian dollar, was hit by weaker than expected retail sales. The Aussie managed to recover on better than expected Chinese manufacturing PMI but later resumed its falls. Here is how it looks on the weekly chart: Yohay Elam Yohay Elam Yohay Elam: Founder, Writer and Editor I have been into forex trading for over 5 years, and I share the experience that I have and the knowledge that I've accumulated. After taking a short course about forex. Like many forex traders, I've earned a significant share of my knowledge the hard way. Macroeconomics, the impact of news on the ever-moving currency markets and trading psychology have always fascinated me. Before founding Forex Crunch, I've worked as a programmer in various hi-tech companies. I have a B. Sc. in Computer Science from Ben Gurion University. Given this background, forex software has a relatively bigger share in the posts. Yohay's Google Profile View All Post By Yohay Elam Forex News Today: Daily Trading News share Read Next GOLD: Triggers Recovery, Eyes Further Upside FX Tech Strategy 7 years A fresh wave of USD buying sends NZD/USD to new cycle lows, at 0.8072 at the time of writing. No major US or New Zealand related headline has hit the wires. The kiwi is just suffering more than others at the moment from a wave of USD buying. 0.8050 was the low point in February. If the pair loses this one as well, it will be trading at the lowest level in one year: it traded around these areas back in September 2013. Support for the kiwi awaits at 0.8050, followed by the very round number of 0.80. Resistance is… 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.
