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10 Feb 2014
NZD/USD 0.83 still holding
FXStreet (Guatemala) - NZD/USD has tested the 0.83 a couple of times and has developed the beginning of a potential double top.
There is little on the cards for the bird ahead of the Asian session with there only being the REINZ House Price Index for Jan on the calendar. Meanwhile, Strategist at RBS noted that this week sees new Fed Chair Yellen update markets on the outlook for monetary policy during her Semi Annual testimony. “We expect her to embed the Fed's dovish policy stance”.
NZD/USD Levels
The 20 DMA is 0.8260, the 50 DMA is 0.8244 and the 200 DMA is 0.8131. RSI (14) reads 47.55. Supports are ascending from 0.8180, 0.8210, 0.8229, and0.8248. Spot is 0.8264. Resistances are 0.8305, 0.8346, 0.8362 and 0.8433.
There is little on the cards for the bird ahead of the Asian session with there only being the REINZ House Price Index for Jan on the calendar. Meanwhile, Strategist at RBS noted that this week sees new Fed Chair Yellen update markets on the outlook for monetary policy during her Semi Annual testimony. “We expect her to embed the Fed's dovish policy stance”.
NZD/USD Levels
The 20 DMA is 0.8260, the 50 DMA is 0.8244 and the 200 DMA is 0.8131. RSI (14) reads 47.55. Supports are ascending from 0.8180, 0.8210, 0.8229, and0.8248. Spot is 0.8264. Resistances are 0.8305, 0.8346, 0.8362 and 0.8433.