10 Oct 2013
NZD/USD on the up on dollar weakness
FXstreet.com (London) - The NZD/USD has climbed through the handle of 0.83 and is currently oscillating there supported in the 0.8290’s.
US jobless claims data disappointed while the ongoing concerns around the debt ceiling are heating up as we approach the deadline. Over in New Zealand, Manufacturing PMI fell to 54.3. “Delving into the components, production, employment, new orders, finished stocks and deliveries fell across the board, perhaps responding to the on going elevated NZD”, explained research teams at TD Securities.
NZD/USD Levels
The 20 DMA is 0.8283, the 50 DMA is 0.8067 and the 200 DMA is 0.8182. RSI (14) reads 56.08. Supports are ascending from 0.8130, 0.8165, 0.8194, 0.8238 and 0.8249. Spot is currently 0.8297. Resistances are 0.8310, 0.8337, 0.8352 and 0.8374.
US jobless claims data disappointed while the ongoing concerns around the debt ceiling are heating up as we approach the deadline. Over in New Zealand, Manufacturing PMI fell to 54.3. “Delving into the components, production, employment, new orders, finished stocks and deliveries fell across the board, perhaps responding to the on going elevated NZD”, explained research teams at TD Securities.
NZD/USD Levels
The 20 DMA is 0.8283, the 50 DMA is 0.8067 and the 200 DMA is 0.8182. RSI (14) reads 56.08. Supports are ascending from 0.8130, 0.8165, 0.8194, 0.8238 and 0.8249. Spot is currently 0.8297. Resistances are 0.8310, 0.8337, 0.8352 and 0.8374.