April 25, 2018 4:18 pm est
by Richard Cason

@newsmmforex 
@nnmforex
in
Richard F. Cason

Currency Analyst
NewsMovesMarketsForex

 

 

NZD USD sets a new 2018  yearly lows of .7057 from a high of .7112 in the overnight Forex Trading session on  April 25, 2018.  

NZDUSD 1 hour chart April 25 2018 2 19pm est sets new yearly lows 070574

 

The New Zealand dollar has continued to show signs of weakness against Greenback all week. The Kiwi has been losing ground over the last couple of weeks against the US dollar.  The dollar has gain significant momentum from positive 10 year treasury yields presently at .3025% up .022%. 

Treasury yields broke through a key psychological area of 3% on April 23, 2018 which has not been at these levels since 2014.  It is important to note that the treasury yields influence the rates individuals pay for U.S. auto loans, business equipment loans and real loan estate transaction.  It can also be a key indicator on the over all directional outlook of the United States Economy.

 

This afternoon the NZD dollar Index is currently trading at  73.34 up +0.01% 2:37 p.m. eastern standard time.  The US dollar Index futures  is currently  trading at 91.19 up (+.46% )  April 25, 2018 2:42 p.m. eastern standard time.

  

     

NZD USD Key Support areas

  Next series of key support areas for the NZD USD are .7020 and .7006, Resistance areas are .7184 and .7258.