NZD/USD is an unconvincing pull back

FXstreet.com (London) - ="">NZD/USD has managed to claim higher ground on a broadly based weaker dollar.

>NZD/USD dropped almost a big figure, losing the 0.82 handle but attracted demand on 0.8220 support. However, it’s recovery is far from convincing, moving higher by just 15 pips, and with consumer confidence coming in positive for the States, when markets get back from holiday mode this might leave the pair vulnerable to the downside. Meanwhile, better trade data continues from NZ with higher exports coming in and better than expected at $NZ4.25b (mkt $4b) for a tiny deficit of -$NZ168m in October.

NZD/USD Levels

The 20 DMA is 0.8277, the 50 DMA is 0.8316 and the 200 DMA is 0.8169. RSI (14) reads 38.83. supports are ascending from 0.8095, 0.8105, 0.8125. Spot is 0.8141 while resistances are 0.8196, 0.8266, 0.8280, 0.8299 and 0.8310.