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13 July 2017

NZD/USD: general review

By Kristina Leonova: Chief Analyst in the Investment Research Department

NZD/USD: general review
The pair NZD/USD is showing growth in view of statements by FOMC head Janet Yellen about possible extension of the terms of interest rate increase. The lack of "hawkish" tendencies in the comments of the regulators' Chair disappointed the investors and catalyzed active sales of USD.
The data on the changes in the food products price index were released from New Zealand today and showed the growth of the indicator by 0.2%. The economy of the country depends on the export of agricultural goods and food products, and the growth of the indicator is beneficial for the national currency.
Another statement by FOMC head Janet Yellen is scheduled for today. Along with the release of jobless claims it will keep the market in tension. USD may strengthen at some point which will put pressure on NZD/USD.
On the D1 chart the instrument is moving in the narrow range formed by upper and lower lines of Bollinger Bands. MACD histogram is in the positive area with it volumes decreasing.
Support levels: 0.7280, 0.7250, 0.7200, 0.7160, 0.7130, 0.7100.
Resistance levels: 0.7330, 0.7385.

This website/communication is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. It has been prepared by Liteforex (Europe) Ltd (ex. Mayzus Investment Company Ltd) without taking into account any particular person's objectives, financial situation or needs. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision. Past performance is not indicative of future performance. The future value of your investment may rise and fall with the changes in the market.
About the author
Kristina Leonova
Kristina Leonova
Chief Analyst in the Investment Research Department

Kristina Leonova is an up and coming market specialist - currently in the process of obtaining The Chartered Financial Analyst Degree in CFA Institute.

She began her career at Liteforex (ex. Mayzus) at only 20 years old, holding the position of the Assistant of the Chief Financial Officer.

She has since become invaluable to the Company, holding the position of Chief Analyst in the Investment Research Department, and now is also responsible for our world renowned market reviews.

She has a keen eye and a good gut instinct when it comes to analyzing the markets, always staying at the top of her game, with her work often being published on other websites and news vendors.

Mayzus is excited to welcome her as our new, top financial analyst.

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