24 Sep 2013
NZD/USD losing the 0.8300 handle; where next?
FXstreet.com (London) - NZD/USD is struggling to back above 0.8300.
The Kiwi is also lagging to the AUD as the pair failed to break down through 1.1200 support, climbing a big figure to a high of 1.1364. NZD/USD ranges are between 0.8240 and 0.8380 currently, with consolidation remaining the prevailing force among the majors. Research teams at TD Securities commented, suggesting more QE tapering comments have given the USD a mild, but broad bid, and have left the NZD as an under performer.
NZD/USD Levels
20 DMA is .8069, the 50 DMA is .8000 and the 200 DMA is .8181. RSI (14) reads 29.71. Supports are ascending from .8190, .8206 and .8249. Spot is currently .8279 while resistances are .8290, .8330, .8445, .8461, .8481 and .8524.
The Kiwi is also lagging to the AUD as the pair failed to break down through 1.1200 support, climbing a big figure to a high of 1.1364. NZD/USD ranges are between 0.8240 and 0.8380 currently, with consolidation remaining the prevailing force among the majors. Research teams at TD Securities commented, suggesting more QE tapering comments have given the USD a mild, but broad bid, and have left the NZD as an under performer.
NZD/USD Levels
20 DMA is .8069, the 50 DMA is .8000 and the 200 DMA is .8181. RSI (14) reads 29.71. Supports are ascending from .8190, .8206 and .8249. Spot is currently .8279 while resistances are .8290, .8330, .8445, .8461, .8481 and .8524.