25 Nov 2013
NZD/USD attempting upside?
FXstreet.com (London) - NZD/USD is above the crucial 0.82 handle again fending off the bears on what has been a persistent decline.
NZD/USD is breaking down amid persistent Fed tapering expectations, according to currency strategist Imre Speizer at Westpac Banking Corporation ABN. “While NZ economic news remains upbeat market expectations of the Federal Reserve’s policy actions continue to dominate…By early 2014, though, strong NZ fundamentals and RBNZ tightening should dominate, taking NZD/USD towards 0.8600”.
NZD/USD Levels
The 20 DMA is 0.8285, the 50 DMA is 0.8317 and the 200 DMA is 0.8172. RSI (14) reads 51.59. Supports are ascending from 0.8095, 0.8105, 0.8125 and 0.8152. Spot is currently 0.8202 while resistance are 0.8220, 0.8245, 0.8280, 0.8310 and 0.8330.
NZD/USD is breaking down amid persistent Fed tapering expectations, according to currency strategist Imre Speizer at Westpac Banking Corporation ABN. “While NZ economic news remains upbeat market expectations of the Federal Reserve’s policy actions continue to dominate…By early 2014, though, strong NZ fundamentals and RBNZ tightening should dominate, taking NZD/USD towards 0.8600”.
NZD/USD Levels
The 20 DMA is 0.8285, the 50 DMA is 0.8317 and the 200 DMA is 0.8172. RSI (14) reads 51.59. Supports are ascending from 0.8095, 0.8105, 0.8125 and 0.8152. Spot is currently 0.8202 while resistance are 0.8220, 0.8245, 0.8280, 0.8310 and 0.8330.