27 Jun 2014
NZD/USD anchoring in for next weeks roller-coaster
FXStreet (Guatemala) - NZD/USD is trading at 0.8765, down -0.17% on the day, having posted a daily high at 0.8795 and low at 0.8753.
NZD/USD gave up some profits and is now anchoring here for a firm start into next weeks session with a number of risk events, such as Nonfarm Payrolls, that will surely provide us some volatility. Meanwhile, Analysts at ANZ explained that a proactive RBNZ will further boost NZD yield in July. “The RBNZ will leave further meetings ‘live’. We consider the ‘good news’ NZ story to be fully priced, but the catalyst for a decline remains absent. The syndication of a new April 2027 NZGS bond will provide fresh demand for NZD over July”.
NZD/USD current conditions
The FXStreet OB/OS Index is reflecting neutral hourly conditions, while the FXStreet Trend Index is slightly bearish. Currently RSI is at 56.83, up from the last hourly print at 50.70, with ADX at 22.73, up from its previous close at 18.16.
NZD/USD Levels
With spot trading at 0.8765, we can see next resistance ahead at 0.8765 (Daily Classic PP), 0.8766 (Hourly 20 EMA), 0.8780 (Daily Open),0.8780 (Monthly High) and 0.8780 (Weekly High). Support below can be found at 0.8753 (Daily Low), 0.8743 (Weekly Classic R1), 0.8742 (Daily Classic S1), 0.8730 (Hourly 100 SMA) and 0.8727 (Yesterday's Low).
NZD/USD gave up some profits and is now anchoring here for a firm start into next weeks session with a number of risk events, such as Nonfarm Payrolls, that will surely provide us some volatility. Meanwhile, Analysts at ANZ explained that a proactive RBNZ will further boost NZD yield in July. “The RBNZ will leave further meetings ‘live’. We consider the ‘good news’ NZ story to be fully priced, but the catalyst for a decline remains absent. The syndication of a new April 2027 NZGS bond will provide fresh demand for NZD over July”.
NZD/USD current conditions
The FXStreet OB/OS Index is reflecting neutral hourly conditions, while the FXStreet Trend Index is slightly bearish. Currently RSI is at 56.83, up from the last hourly print at 50.70, with ADX at 22.73, up from its previous close at 18.16.
NZD/USD Levels
With spot trading at 0.8765, we can see next resistance ahead at 0.8765 (Daily Classic PP), 0.8766 (Hourly 20 EMA), 0.8780 (Daily Open),0.8780 (Monthly High) and 0.8780 (Weekly High). Support below can be found at 0.8753 (Daily Low), 0.8743 (Weekly Classic R1), 0.8742 (Daily Classic S1), 0.8730 (Hourly 100 SMA) and 0.8727 (Yesterday's Low).