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14 Feb 2014
NZD/USD found sellers near resistance of 0.8370
FXStreet (Moscow) - NZD/USD spiked to the current intraday high at 0.8369, but bumped into a solid resistance, quickly reversed the gains and dropped to 0.8331; nor the pair is trading close to 0.8340.
NZD/USD is still above 0.8300
NZD/USD attempted a move below 0.8300, but the bearish momentum turned out to be too weak as the pair returned to the resistance zone of 0.8370 and finished the day at 0.8350. The kiwi enjoyed the upside dynamic due to strengthening against Aussie. US Dollar was pretty wobbly during the day and this also supported NZD. Today the currency pair is influenced by Chinese news where the consumer inflation came out higher than expected in January (1.0% m/m, 2.5% y/y against forecasted 0.3% m/m and 2.4% y/y). But kiwi, normally sensitive to macro statistic from China, initially rushed to the intraday, but quickly reversed gains as January CPI numbers are likely to be influenced by Lunar New Year. This means the we might get much lower readings in February. Further on keep an eye at UoM consumer sentiments. This report has a market moving potential if it deviates from expectations. The ke levels for today: 0.8370 on the upside and 0.8300 on the downside.
What are today’s key NZD/USD levels?
Today's central pivot point can be found at 0.8334, with support below at 0.8310, 0.8267 and 0.8243, with resistance above at 0.8377, 0.8401 and 0.8444. Hourly Moving Averages are mostly bullish, with the 200SMA at 0.8260 and the daily 20EMA at 0.8261. Hourly RSI is neutral at 48.
NZD/USD is still above 0.8300
NZD/USD attempted a move below 0.8300, but the bearish momentum turned out to be too weak as the pair returned to the resistance zone of 0.8370 and finished the day at 0.8350. The kiwi enjoyed the upside dynamic due to strengthening against Aussie. US Dollar was pretty wobbly during the day and this also supported NZD. Today the currency pair is influenced by Chinese news where the consumer inflation came out higher than expected in January (1.0% m/m, 2.5% y/y against forecasted 0.3% m/m and 2.4% y/y). But kiwi, normally sensitive to macro statistic from China, initially rushed to the intraday, but quickly reversed gains as January CPI numbers are likely to be influenced by Lunar New Year. This means the we might get much lower readings in February. Further on keep an eye at UoM consumer sentiments. This report has a market moving potential if it deviates from expectations. The ke levels for today: 0.8370 on the upside and 0.8300 on the downside.
What are today’s key NZD/USD levels?
Today's central pivot point can be found at 0.8334, with support below at 0.8310, 0.8267 and 0.8243, with resistance above at 0.8377, 0.8401 and 0.8444. Hourly Moving Averages are mostly bullish, with the 200SMA at 0.8260 and the daily 20EMA at 0.8261. Hourly RSI is neutral at 48.