Back
31 Oct 2013
NZD/USD creeping lower for key support, 0.8260
FXstreet.com (London) - After probing the 200-day MA near 0.8180 yesterday on the RBNZ, the NZD/USD was seeing a modest bounce earlier in the day.
However, the NZD/USD has dropped from a high of 0.8312 and is currently trading in the region of the 0.8280- supporting line again having made a 0.8264 low on the 30 min sticks. Moreover, the RBNZ again highlighted a potential for a 2014 rate hike and housing being the main theme.
NZD/USD Levels
The 20 DMA is 0.8354, the 50 DMA is 0.8187 and the 200 DMA is 0.8182. RSI (14) reads 55.10. Supports are ascending from 0.8130, 0.8165, 0.8193. 0.8212, 0.8254/60. Spot is currently 0.8262 with resistances that are coming in at 0.8303, 0.8335, and 0.8359.
However, the NZD/USD has dropped from a high of 0.8312 and is currently trading in the region of the 0.8280- supporting line again having made a 0.8264 low on the 30 min sticks. Moreover, the RBNZ again highlighted a potential for a 2014 rate hike and housing being the main theme.
NZD/USD Levels
The 20 DMA is 0.8354, the 50 DMA is 0.8187 and the 200 DMA is 0.8182. RSI (14) reads 55.10. Supports are ascending from 0.8130, 0.8165, 0.8193. 0.8212, 0.8254/60. Spot is currently 0.8262 with resistances that are coming in at 0.8303, 0.8335, and 0.8359.