NZDUSD Eyes Sub-0.63

by Ashraf Laidi

Jul 2, 2009 13:15

Further downside room for NZDUSD remains despite 200-pt loss over past 3 days. Latest weakness in NZD data and the RBNZs reluctance to intervene, combined with deteriorating internals for US and emerging market equity indices, spells prolonged selling towards TL support of 0.6260, a break of which may call up 0.6170s. NZDJPY also appears vulnerable, suggesting 60.70 and 59.80 targets. Renewed talk from Chinese officials demanding G8 to discuss a new reserve currency will continue to weaken the US currency and provide some support for NZDUSD but the risk foundation in the markets appears increasingly NZD-negative. Upside capped at 0.6430s.

More Hot-Charts

• 

  DXY Pattern Redux

  Jun 29, 2026 15:05 | by Ashraf Laidi
  سأرسل رسالة صوتية و كتابية توضيحية لأعضاء مجموعة الواتساب الخاصة حول هذه المخططات - Will send detailed note on latest parameters to our WhatsApp Bdcst Group ..

• Silver Confluence

  Jun 10, 2026 14:48 | by Ashraf Laidi
  Take a look at the message from Silver's daily and weekly charts. Does this mean $60/oz is inevitable? ..

• Nasdaq 29700 to 29750

  Jun 9, 2026 12:29 | by Ashraf Laidi
  The 3 hr chart on Nasdaq highlights the importance of the 29700/50 region, serving as as a high on May 14/15, low on May 28 and Monday's high.