10 Jul 2014
NZD/USD maintining ground on the 0.88 handle
FXStreet (Guatemala) - NZD/USD is trading at 0.8811, down -0.12% on the day, having posted a daily high at 0.8838 and low at 0.8793.
The NZD continued its stellar year to date run, punching to a fresh high of US$0.8838…Analysts at TD Securities noted that, overnight, BNZ PMI ticked up from 52.7 (was an 18mth low) to 53.3, in the expansion zone for 21 straight months and explained New orders declined to the lowest since Dec 2012. Meanwhile, in respect of the greenback, FX Strategists at the Bank of Tokyo Mitsubishi UFJ notes said that they assume that while Yellen is unlikely to be hawkish, her comments in the upcoming semi-annual testimony to Congress, should be enough to put a floor under US yields.
NZD/USD Levels
Current price is 0.8813, with resistance ahead at 0.8823 (Daily Open), 0.8823 (Monthly High), (Weekly High), (Annual High) and (3 Year High). Next support to the downside can be found at 0.8811 (Daily Classic PP), 0.8810 (Hourly 20 EMA), 0.8793 (Daily Low), 0.8792 (Daily Classic S1) and 0.8784 (Weekly Classic R1).
The NZD continued its stellar year to date run, punching to a fresh high of US$0.8838…Analysts at TD Securities noted that, overnight, BNZ PMI ticked up from 52.7 (was an 18mth low) to 53.3, in the expansion zone for 21 straight months and explained New orders declined to the lowest since Dec 2012. Meanwhile, in respect of the greenback, FX Strategists at the Bank of Tokyo Mitsubishi UFJ notes said that they assume that while Yellen is unlikely to be hawkish, her comments in the upcoming semi-annual testimony to Congress, should be enough to put a floor under US yields.
NZD/USD Levels
Current price is 0.8813, with resistance ahead at 0.8823 (Daily Open), 0.8823 (Monthly High), (Weekly High), (Annual High) and (3 Year High). Next support to the downside can be found at 0.8811 (Daily Classic PP), 0.8810 (Hourly 20 EMA), 0.8793 (Daily Low), 0.8792 (Daily Classic S1) and 0.8784 (Weekly Classic R1).