26 Mar 2014
NZD/USD backing off and stabilizing
FXStreet (Guatemala) - NZD/USD had rallied from a touch off 0.8530 overnight to score close to the 0.86 handle.
NZD/USD was a breath away from the 0.86 handle in much earlier trade when the bird scored a high of 0.8590. Trading has been slow since and a drift back towards 0.8570 has been on the cards for the majority of the late NA session. On that session, earlier on from the calendar, the markets received some positive US data that has kept the tone offered thereafter. US Consumer Confidence was nice surprise to the upside for the US economy at 82.3 vs 78.6 expected and lifting the greenback.
NZD/USD Levels
The 20 DMA is 0.8471, the 50 DMA is 0.8354 and the 200 DMA is 0.8177. RSI (14) reads 59.27. Supports are ascending from 0.8389, 0.8435, 0.8489 and 0.8501. Spot is 0.8570 while resistances are 0.8569 0.8607, 0.8641 and 0.8676.
NZD/USD was a breath away from the 0.86 handle in much earlier trade when the bird scored a high of 0.8590. Trading has been slow since and a drift back towards 0.8570 has been on the cards for the majority of the late NA session. On that session, earlier on from the calendar, the markets received some positive US data that has kept the tone offered thereafter. US Consumer Confidence was nice surprise to the upside for the US economy at 82.3 vs 78.6 expected and lifting the greenback.
NZD/USD Levels
The 20 DMA is 0.8471, the 50 DMA is 0.8354 and the 200 DMA is 0.8177. RSI (14) reads 59.27. Supports are ascending from 0.8389, 0.8435, 0.8489 and 0.8501. Spot is 0.8570 while resistances are 0.8569 0.8607, 0.8641 and 0.8676.