14 Jan 2014
NZD/USD ticking up to test 0.8390
FXstreet.com (Guatemala) - NZD/USD has continued on the bid, drifting to highs in the region of 0.8390.
NZD/USD has seen a handful of benign data releases, with NZIER Business Confidence (QoQ) for the fourth quarter at 52% vs 38%. Electronic Card Retail Sales (YoY) (Dec) came 5.5% vs previous 6.7%. However, the real driver here is still with the dismal Non Farm Payrolls results and as markets digest, question are over whether the FOMC can continue to with the programme to the extent indicated.
NZD/USD Levels
The 20 DMA is 0.8225, the 50 DMA is 0.8242 and the 200 DMA is 0.8155. RSI (14) reads 60.04. Supports are ascending from 0.8200, 0.8232, 0.8270, 0.8284, 0.8333. Spot is 0.8376 while resistances are 0.8415, 0.8446 and 0.8478.
NZD/USD has seen a handful of benign data releases, with NZIER Business Confidence (QoQ) for the fourth quarter at 52% vs 38%. Electronic Card Retail Sales (YoY) (Dec) came 5.5% vs previous 6.7%. However, the real driver here is still with the dismal Non Farm Payrolls results and as markets digest, question are over whether the FOMC can continue to with the programme to the extent indicated.
NZD/USD Levels
The 20 DMA is 0.8225, the 50 DMA is 0.8242 and the 200 DMA is 0.8155. RSI (14) reads 60.04. Supports are ascending from 0.8200, 0.8232, 0.8270, 0.8284, 0.8333. Spot is 0.8376 while resistances are 0.8415, 0.8446 and 0.8478.