- Analytics
- News and Tools
- Market News
- NZD/USD ignores downbeat options market signals to print three-day uptrend near 0.6100
NZD/USD ignores downbeat options market signals to print three-day uptrend near 0.6100
NZD/USD picks up bids to 0.6105 as it extends Friday’s corrective pullback from the seven-week low to print a three-day uptrend during Tuesday’s Asian session. In doing so, the Loonie pair cheers a pullback in the US Dollar Index (DXY) while ignoring downbeat signals from the options market.
That said, the one-month NZD/USD risk reversal (RR), a difference between the call options and the put options, not only printed the first daily fall after a two-week rebound but also reversed Friday’s upbeat RR print while flashing a -0.040 figure for Monday. However, the US market holiday at the week’s start and the monetary policy meeting of the Reserve Bank of Australia (RBA) probe the Kiwi pair buyers of late.
Also read: Reserve Bank of Australia Preview: Is the central bank ready to slow the tightening pace?
Moving on, updates surrounding the US-China relations, the energy crisis in Europe and the ISM Services PMI for August, expected 55.5 versus 56.7 prior, will be crucial for the pair traders to watch for fresh impulse.
Given the full markets’ return, the NZD/USD prices may witness more volatility and hence traders should remain cautious.
Also read: ISM Services PMI Preview: High bar to help dollar bears pass through and take over
© 2000-2025. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
