21 Aug 2013
NZD/USD is heavy
FXstreet.com (London) - NZD/USD currently on the offer again trading with a continued negative bias and remains heavy. “USD has a more pervasive bid among the majors this morning.
After the very quiet start to the week, the data calendar gets a little busier in today’s North American session highlighted by US existing homes data this morning and the FOMC minutes this afternoon. An upside surprise in the housing number could keep the USD buoyant early on today, but as mentioned, the FOMC minutes should be the bigger defining event of the day—and potentially the week. Considering the hints from the July Fed statement, the risk appears to be for a more dovish tilt to the minutes, which would likely see some USD selling pressure. said research teams at TD Securities.
NZD/USD negative bias
NZD/USD is trading to the downside and remains heavy on the NA open. The 20 DMA is 0.7990, the 50 DMA is 0.7911 and the 200 DMA is 0.8212. RSI (9) reads 47.94 while supports are ascending from 0.7787, 0.7823, 0.7859. 0.7884. Spot is currently 0.7897 while resistances are 0.7940., 0.7960, 8010, 0.8060, 0.8074 and 0.8118
After the very quiet start to the week, the data calendar gets a little busier in today’s North American session highlighted by US existing homes data this morning and the FOMC minutes this afternoon. An upside surprise in the housing number could keep the USD buoyant early on today, but as mentioned, the FOMC minutes should be the bigger defining event of the day—and potentially the week. Considering the hints from the July Fed statement, the risk appears to be for a more dovish tilt to the minutes, which would likely see some USD selling pressure. said research teams at TD Securities.
NZD/USD negative bias
NZD/USD is trading to the downside and remains heavy on the NA open. The 20 DMA is 0.7990, the 50 DMA is 0.7911 and the 200 DMA is 0.8212. RSI (9) reads 47.94 while supports are ascending from 0.7787, 0.7823, 0.7859. 0.7884. Spot is currently 0.7897 while resistances are 0.7940., 0.7960, 8010, 0.8060, 0.8074 and 0.8118