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NZDUSD Call Options In the Money - New Zealand Current Account Balance Beats Estimates -

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    • NZDUSD Call Options In the Money – New Zealand Current Account Balance Beats Estimates
Jun, 15th 06:56


NZDUSD ticked up today amid cautious trading ahead of the U.S. Federal Reserve’s monetary policy announcement later in the day. On Tuesday (14/6), a report from the U.S. Commerce Department reported that retail sales increased by 0.5% in May, compared with an expectation for a rise of 0.3%. Core retail sales, which exclude automobile sales, rose by 0.4% in May, in line with forecasts. As a result, the dollar witnessed an overnight surge as the upbeat figures boosted optimism over the strength of the economy. Nevertheless, the New Zealand dollar experienced a strong rally. The data from Statistics New Zealand indicated that New Zealand’s current account balance registered a surplus of 1.31 billion in Q116, compared with a deficit of 2.61 billion in the preceding quarter. On the hourly chart, the pair is following a bullish path to test the level of 0.70147. According to the stochastics chart, the %K line (blue line) has arrived into overbought territory far ahead of %D line (red line). This shows that the buying force is too strong and the price is not expected pull back any time soon.
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Buy Digital Call Option from 0.70232 to 0.70321 valid until 20:00 June 17, 2016

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