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18 Apr 2014
NZD/USD is again on the rise, 0.87 on tap
FXStreet (Moscow) - NZD/USD started the day at 0.8568, moved to 0.8586 session high, but retraced to 0.8580 by the moment.
Kiwi bulls are disappointed
To the big disappointment of Kiwi bulls NZD/USD closed below the key support of 0.8600 on Thursday. Prolonged dairy troubles and lack of positive economic developments force traders to close long kiwi positions even though RBNZ is expected to hike rates next week. Today the pair is likely to be confined to a narrow range due to low market activity. Most European markets are closed, which means that lots of traders have already left their desks. The resistance is seen at 0.8570, while the support lies at 0.8540.
What are today’s key NZD/USD levels?
Today's central pivot point can be found at 0.8594, with support below at 0.8537, 0.8506 and 0.8449, with resistance above at 0.8625, 0.8682 and 0.8713. Hourly Moving Averages are largely bearish, with the 200SMA at 0.8653 and the daily 20EMA neutral at 0.8611. Hourly RSI is bearish at 39.
Kiwi bulls are disappointed
To the big disappointment of Kiwi bulls NZD/USD closed below the key support of 0.8600 on Thursday. Prolonged dairy troubles and lack of positive economic developments force traders to close long kiwi positions even though RBNZ is expected to hike rates next week. Today the pair is likely to be confined to a narrow range due to low market activity. Most European markets are closed, which means that lots of traders have already left their desks. The resistance is seen at 0.8570, while the support lies at 0.8540.
What are today’s key NZD/USD levels?
Today's central pivot point can be found at 0.8594, with support below at 0.8537, 0.8506 and 0.8449, with resistance above at 0.8625, 0.8682 and 0.8713. Hourly Moving Averages are largely bearish, with the 200SMA at 0.8653 and the daily 20EMA neutral at 0.8611. Hourly RSI is bearish at 39.