26 Sep 2013
NZD/USD struggles at 0.8300 handle
FXstreet.com (London) - NZD/USD has climbed from the 0.8220 mark as of yesterday, claiming a high of 0.8303 in European markets today.
NZD/USD managed to reclaim territory back above Tuesdays mid range. From the calendar, US GDP came in slightly lower than anticipated by markets, at 2.5% vs 2.6% while initial jobless claims improved in terms of the consensus at 305K against 325K expected. For the bird, “Limited to Mon bouncy Aug building approvals within a strong upward trend and still-buoyant Sep business confidence (prior 48.1) and activity (last 43.3). With losing the America's Cup this week, after such a commanding lead early in the series, some offshore investors expect kiwis to sink into a funk”, explained research teams at TD Securities.
NZD/USD Levels
The 20 DMA is 0.8087, the 50 DMA is 0.8005 and the 200 DMA is 0.8180. RSI (14) reads 64.97. Supports are ascending from 0.8130, 0.8165, 0.8190, 0.8206, 0.8249. Spot is currently 0.8282 while resistances are 0.8297, 0.8320 and 0.8341.
NZD/USD managed to reclaim territory back above Tuesdays mid range. From the calendar, US GDP came in slightly lower than anticipated by markets, at 2.5% vs 2.6% while initial jobless claims improved in terms of the consensus at 305K against 325K expected. For the bird, “Limited to Mon bouncy Aug building approvals within a strong upward trend and still-buoyant Sep business confidence (prior 48.1) and activity (last 43.3). With losing the America's Cup this week, after such a commanding lead early in the series, some offshore investors expect kiwis to sink into a funk”, explained research teams at TD Securities.
NZD/USD Levels
The 20 DMA is 0.8087, the 50 DMA is 0.8005 and the 200 DMA is 0.8180. RSI (14) reads 64.97. Supports are ascending from 0.8130, 0.8165, 0.8190, 0.8206, 0.8249. Spot is currently 0.8282 while resistances are 0.8297, 0.8320 and 0.8341.