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27 Feb 2014
NZD/USD getting a lift onto the 0.83 handle
FXStreet (Guatemala) - It has started to get busy with January trade balance.
The Trade Balance (MoM) came with Exports NZ$ 4.08 billion and Imports NZ$ 3.77 billion, $306m vs $216m consensus lifting the bird onto the 0.83 handle. On Friday there is the Feb update for activity and confidence, where the net balances may cool from (multi-) decade highs as the RBNZ loads the gun for a hike next month.
NZD/USD Levels
The 20 DMA is 0.8268, the 50 DMA is 0.8260 and the 200 DMA is 0.8134. RSI (14) reads 46.54. Supports are ascending from 0.8242, 0.8259, 0.8270 and 0.8288. Spot is 0.8307, 0.8345, 0.8354, 0.8393 and 0.8433.
The Trade Balance (MoM) came with Exports NZ$ 4.08 billion and Imports NZ$ 3.77 billion, $306m vs $216m consensus lifting the bird onto the 0.83 handle. On Friday there is the Feb update for activity and confidence, where the net balances may cool from (multi-) decade highs as the RBNZ loads the gun for a hike next month.
NZD/USD Levels
The 20 DMA is 0.8268, the 50 DMA is 0.8260 and the 200 DMA is 0.8134. RSI (14) reads 46.54. Supports are ascending from 0.8242, 0.8259, 0.8270 and 0.8288. Spot is 0.8307, 0.8345, 0.8354, 0.8393 and 0.8433.