NZD/USD
NZD is growing against the US currency. This fall resulted due to the data on PMI that fell to 52 points and was much worse than expected. NZD may be supported by the correction of energy prices. NZIER business sentiment index was released almost in line with the forecasts on the level of 18 points.
- Support and resistance
- Support levels: 0.7262.
- Resistance levels: 0.7323.
AUD/USD
During last week, the Aussie dollar has been strengthening against the US dollar, like other main currencies. The range of 0.7700–0.7750 is a strong resistance zone for the AUD/USD pair. This is due to the growing of the USD, supported by the Markit Manufacturing PMI results released yesterday.
- Support and resistance
- Support levels: 0.7570, 0.7530, 0.7490.
- Resistance levels: 0.7630, 0.7680, 0.7710, 0.7750.