Back
27 Feb 2014
NZD/USD has retraced from 0.8334
FXStreet (Moscow) - NZD/USD retraced to the support level of 0.8320 after setting the current Asian high at 0.8334, though the short-term dynamic is still positive.
Kiwi paused at 0.8300
On a longer term scale NZD/USD is consolidating just above the pivotal 0.8300 level. On Wednesday the pair tried to break lower and reached the intraday low at 0.8281, but the bears could not hold the ground and by the end of the day Kiwi returned above 0.8300. Today NZD/USD is in demand. The trade balance data showed that the surplus decreased to 306 mln. in January from 493 mln. in December, but investors were happy as they thought the figure would droop much lower. In the short-term NZD/USD will probably continue consolidating within the intraday range limited by 0.8300 onto downside and 0.8345/50 on the upside. While US macro economic data may cause the splash а volatility during New-York session.
What are today’s key NZD/USD levels?
Today's central pivot point can be found at 0.8312, with support below at 0.8277, 0.8245 and 0.8210, with resistance above at 0.8344, 0.8379 and 0.8411. Hourly Moving Averages are bullish, with the 200SMA at 0.8318 and the daily 20EMA at 0.8293. Hourly RSI is neutral at 57
Kiwi paused at 0.8300
On a longer term scale NZD/USD is consolidating just above the pivotal 0.8300 level. On Wednesday the pair tried to break lower and reached the intraday low at 0.8281, but the bears could not hold the ground and by the end of the day Kiwi returned above 0.8300. Today NZD/USD is in demand. The trade balance data showed that the surplus decreased to 306 mln. in January from 493 mln. in December, but investors were happy as they thought the figure would droop much lower. In the short-term NZD/USD will probably continue consolidating within the intraday range limited by 0.8300 onto downside and 0.8345/50 on the upside. While US macro economic data may cause the splash а volatility during New-York session.
What are today’s key NZD/USD levels?
Today's central pivot point can be found at 0.8312, with support below at 0.8277, 0.8245 and 0.8210, with resistance above at 0.8344, 0.8379 and 0.8411. Hourly Moving Averages are bullish, with the 200SMA at 0.8318 and the daily 20EMA at 0.8293. Hourly RSI is neutral at 57