3 Jan 2014
NZD/USD suffered on US data
FXstreet.com (Guatemala) - NZD/USD is drifting on a quiet Asian calendar for the pair stabilising above 0.8180.
NZD/USD is lower after dropping back through the 0.8200 handle on earlier sessions when the US data in the manufacturing sector put some optimism into markets ahead of the next FOMC meeting. The ISM manufacturing printed yet another strong number and is consistent to an on going taper. The number offers encouragement for a decent payrolls number next week while other data today also showed that the applications for U.S. unemployment benefits declined last week with 339k being printed and better than 341k previous. The Fed is widely expected to continue with its tapering programme at forthcoming FOMC meetings.
NZD/USD Levels
The 20 DMA is 0.8226, the 50 DMA is 0.8249 and the 200 DMA is 0.8160. RSI (14) reads 52.06. Supports are 0.8084, 0.8119, 0.8167 and 0.8182. Spot is currently 0.8144 while resistances are 0.8230, 0.8250, 0.8290, 0.8320 and 0.8336.
NZD/USD is lower after dropping back through the 0.8200 handle on earlier sessions when the US data in the manufacturing sector put some optimism into markets ahead of the next FOMC meeting. The ISM manufacturing printed yet another strong number and is consistent to an on going taper. The number offers encouragement for a decent payrolls number next week while other data today also showed that the applications for U.S. unemployment benefits declined last week with 339k being printed and better than 341k previous. The Fed is widely expected to continue with its tapering programme at forthcoming FOMC meetings.
NZD/USD Levels
The 20 DMA is 0.8226, the 50 DMA is 0.8249 and the 200 DMA is 0.8160. RSI (14) reads 52.06. Supports are 0.8084, 0.8119, 0.8167 and 0.8182. Spot is currently 0.8144 while resistances are 0.8230, 0.8250, 0.8290, 0.8320 and 0.8336.