Thank you for your trust! In forex trading transactions at Salma Markets!

    Just make a deposit of at least $1 to your account!

    Get the best trading conditions and attractive bonus offers! let's immediately invest in forex trading! at Salma Markets! And get the best trading conditions!

    Salma Markets – invest in your victories!

  • toolbarCollapseOpenAccount_1
  • Salma Client Cabinet

    • Personal settings
    • Access to all Salma services
    • Detailed statistics and reports on trades
    • Full range of financial transactions
    • System of managing several accounts
    • Maximum data protection
  • cabinet_client1

Company News

Determining the mission to give traders opportunities in every second, SalmaMarkets has been attempting to provide clients with as many advantages as possible.

demo Company News

NZD/USD weakens farther below mid-0.6700s, lowest since late-May 2016

Hasil gambar untuk NZD/USD

   •  Resurgent USD demand prompts some aggressive selling on Monday.
   •  Weaker commodities/softer Chinese PMIs did little to lend any support.
   •  Traders now eye US ISM manufacturing PMI for some fresh impetus.

The NZD/USD pair continued losing ground through the mid-European session and dropped to fresh 25-month lows in the last hour.

After Friday's attempted recovery move, resurgent US Dollar demand prompted some fresh selling at the start of a new trading week and was seen as one of the key factors weighing heavily on the major.

Adding to this, deteriorating market risk sentiment and weaker commodity prices exerted some additional downward pressure on perceived riskier/commodity-linked currencies - like the Kiwi.

Meanwhile, slightly weaker than expected official Chinese PMI prints released over the weekend and today's Caixin Manufacturing PMI also did little to ease the bearish pressure surrounding the major and stall the ongoing slump to the lowest level since late May 2016.

Currently trading around the 0.6735-30 region, traders now look forward to the US ISM Manufacturing PMI, a key highlight from today's US economic docket, for some fresh impetus ahead of the NZIER Business Confidence index, due for release during the early Asian session on Tuesday.

Technical levels to watch

Immediate support is pegged near the 0.6725 area, below which the downfall could further get extended towards the 0.6700 handle en-route May 2016 lows support near the 0.6675 level. On the flip side, any meaningful recovery attempts back above mid-0.6700s might now confront fresh supply near the 0.6790-0.6800 region and is followed by resistance near the 0.6835 level.




Show older comments

ic_info 24/5 Customer Support

Our dedicated team of customer support agents is on hand to provide you with localised support in 10 languages.