NFP to falling impact resistance Suspended For NZD Channel Up

New Zealand currency movements taking advantage of the weakening of the Non-Farm Payrolls Data US increase market concerns about the delay in a rate hike in October. Data released the Non-Farm Payrolls fell 142,000 of the estimated 201,000. Coupled with the data the US Average Hourly Earnings decreased to a level of 0.0 percent of the estimated 0.2 per cent. Both of these data showed the unstable recovery of the US labor sector, although the Unemployment Rate at 5.1 percent the lowest level.

NZD / USD

On the hourly chart (H1) Meta Trader, movement of the NZD / USD formed a Channel Up pattern. Now the movement of the NZD / USD near resistance Channel Up. In the short term traders can take advantage of a reversal NZD / USD by Short Selling in the level of 0.64650, with a target profit in the level of 0.64450 - 0.63900. As restrictions on risk, the seller can cut and switch in case of penetration resistance Channel Up. Buy Stop orders can be placed at the 0.64800 level is hoping NZD / USD extend gains towards the 0.6500 - 0.65400.

Note ISM US Non-Manufacturing PMI will be released tonight at 21:00 pm with estimates fell to 58.0 from the previous 59.0. If the data released worse than expected, will have a negative impact on the US Dollar.

Archive Analysis by: Business Futures
Analysis Presented By BISNISBERJANGKA.COM