Thursday, 5 February 2015

Forex Market: NZD/USD daily trading forecast

Yesterday’s trade saw NZD/USD within the range of 0.7177-0.7438. The daily low has also been the lowest level since March 16th 2011, when a low of 0.7158 was recorded. The pair closed at 0.7335, gaining 0.42% on a daily basis.
At 10:16 GMT today NZD/USD was up 0.38% for the day to trade at 0.7386. The pair touched a daily high at 0.7449 at 5:45 GMT.
Fundamentals
United StatesChange in employment
Employers in the US non-farm private sector probably added 225 000 new jobs during January, according to the median estimate by experts, following 241 000 new positions added in December. The latter has been the largest job gain since June 2014, when 281 000 job positions were added.

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