is likely to be determined by trader reaction to the short-term pivot.6831. Generally speaking, high reading in this regard is considered as a bullish trend for the US Dollar (. The short-term range.6943.6719. The ismi figure is usually considered as sensitive to the US economy and may instigate inflation in the future. In the United States, the figure concerning the price index of ismi remained.7 in November, as compared.3 during the month before, down beating the economist expectation which was.2. Look for a bullish tone this week if the Federal Open Market Committees economic projections come in more dovish than expected. The New Zealand Dollar posted a higher close against the.S.
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This will further support the shift in momentum to down. The data represents the prevailing condition of the manufacturing market of the country. The data is taken from the news released by the US Institute for Supply Management. Furthermore, the series of lower tops is also indicating the presence of sellers. The main range.6424.6970. NZD uSD, technical Analysis, as of this writing, the pair is being traded around.6844, a resistance may be seen around.6849, the major horizontal make money from home bitcoin resistance ahead.6917, the trend line resistance and then.6942, the key horizontal resistance level as demonstrated in the. The main trend will change to down on a trade through.6719. The price of the pair increased after major economic news released. Bearish Scenario, a sustained move under.6846 will signal the presence of sellers. Forex, the New Zealand Dollar nZD ) inched higher against the US Dollar (. Pivot Points, dailyWeeklyMonthly, pivot Point, distance, bid. Federal Reserve to continue its cautious approach to future rate hikes.