20 Jun 2014
NZD/USD pressured lower but supported ahead of 0.87 handle
FXStreet (Guatemala) - NZD/USD is trading at 0.8709, down -0.07% on the day, having posted a daily high at 0.8720 and low at 0.8707.
NZD/USD has been pressured back towards the 0.87 handle post a rally from the FOMC that took the pair from the mid point of 0.86 with a bearish outlook for the greenback across the board. However, and also keeping in mind, that last week’s hawkish surprise from the RBNZ may well influence the market to maintain a bullish bias for the NZD and thus the pair may be reluctant or hard pushed to give up the 0.87 handle currently.
NZD/USD Levels
Current price is 0.8710, with resistance ahead at 0.8714 (Hourly 20 EMA), 0.8716 (Daily Open), 0.8720 (Daily High), 0.8733 (Monthly High) and 0.8733 (Weekly High). Next support to the downside can be found at 0.8707 (Daily Classic PP), (Daily Low), 0.8704 (Yesterday's Low), 0.8682 (Hourly 100 SMA) and 0.8678 (Daily Classic S1).
NZD/USD has been pressured back towards the 0.87 handle post a rally from the FOMC that took the pair from the mid point of 0.86 with a bearish outlook for the greenback across the board. However, and also keeping in mind, that last week’s hawkish surprise from the RBNZ may well influence the market to maintain a bullish bias for the NZD and thus the pair may be reluctant or hard pushed to give up the 0.87 handle currently.
NZD/USD Levels
Current price is 0.8710, with resistance ahead at 0.8714 (Hourly 20 EMA), 0.8716 (Daily Open), 0.8720 (Daily High), 0.8733 (Monthly High) and 0.8733 (Weekly High). Next support to the downside can be found at 0.8707 (Daily Classic PP), (Daily Low), 0.8704 (Yesterday's Low), 0.8682 (Hourly 100 SMA) and 0.8678 (Daily Classic S1).