22 Jul 2013
NZD/USD is neutral
FXstreet.com (London) - NZD/USD managed a high of 0.7990 on Friday but has since found lower ground and is consolidating.
The pair gapped lower for Asian markets which had it rise by a more modest +0.2% (to $US0.7935), weighed by news of an earthquake in Wellington(“not a major financial event at this stage”, says PM Key) –said TD Securities Research teams. NZD/USD now looks like 0.79/0.80 until further notice in a relatively quiet session in summertime markets, although the RBNZ on Wednesday night is an event to consider.
NZD/USD Levels
NZD/USD, according to Danske Banks Technical update, has the 20d ma at 0.7813, the 50d ma at 0.794 and the 200d ma at 0.8234. RSI 9 59.58 and momentum is neutral territory. With Support at 0.7730, 0.7794, 0.7835, 0.7881, 0.7935 and Resistances 0.7990 0.8030 0.8053 0.8062
The pair gapped lower for Asian markets which had it rise by a more modest +0.2% (to $US0.7935), weighed by news of an earthquake in Wellington(“not a major financial event at this stage”, says PM Key) –said TD Securities Research teams. NZD/USD now looks like 0.79/0.80 until further notice in a relatively quiet session in summertime markets, although the RBNZ on Wednesday night is an event to consider.
NZD/USD Levels
NZD/USD, according to Danske Banks Technical update, has the 20d ma at 0.7813, the 50d ma at 0.794 and the 200d ma at 0.8234. RSI 9 59.58 and momentum is neutral territory. With Support at 0.7730, 0.7794, 0.7835, 0.7881, 0.7935 and Resistances 0.7990 0.8030 0.8053 0.8062