22 Jul 2014
NZD/USD pressured lower in early Asia
FXStreet (Bali) - NZD/USD is trading at 0.8677, down -0.13% on the day, having posted a daily high at 0.8694 and low at 0.8671.
The FXStreet OB/OS Index is reflecting neutral hourly conditions, while the FXStreet Trend Index is slightly bearish. Currently RSI is at 22.59, down from the last hourly print at 37.55, with ADX at 41.91, up from its previous close at 18.59. Daily RSI sits at 45.19, in neutral territory. Looking to momentum indicators, the hourly 200 SMA is currently at 0.8686, down from the last close at 0.8754 and declining. Over the past 20 days, the exponential average closing price is 0.8734, and trending lower
Technically, Jim Langlands, Founder at FXCharts, notes: "As with yesterday’s outlook, we need to overcome sellers at 0.8700 in order to to see a return to 0.8720, although once again, above here may be a bit tricky today. On the downside, a break of 0.8685 could see the Kiwi head back to Friday’s low at 0.8648 and the June 17 low at 0.8642."
The FXStreet OB/OS Index is reflecting neutral hourly conditions, while the FXStreet Trend Index is slightly bearish. Currently RSI is at 22.59, down from the last hourly print at 37.55, with ADX at 41.91, up from its previous close at 18.59. Daily RSI sits at 45.19, in neutral territory. Looking to momentum indicators, the hourly 200 SMA is currently at 0.8686, down from the last close at 0.8754 and declining. Over the past 20 days, the exponential average closing price is 0.8734, and trending lower
Technically, Jim Langlands, Founder at FXCharts, notes: "As with yesterday’s outlook, we need to overcome sellers at 0.8700 in order to to see a return to 0.8720, although once again, above here may be a bit tricky today. On the downside, a break of 0.8685 could see the Kiwi head back to Friday’s low at 0.8648 and the June 17 low at 0.8642."