8 May 2014
NZD/USD threatens the downside further
FXStreet (Guatemala) - NZD/USD is trading at 0.8650, down -0.10% on the day, having posted a daily high at 0.8671 and low at 0.8642.
NZD/USD is testing the support and starting levels of the week here on a day where overnight, Yellen painted an overall positive outlook for the US economy in a speech which she made. This coupled with when Governor Wheeler noted that the RBNZ “considers that the exchange rate is overvalued and does not believe its current level is sustainable”, keeps the pair on offer.
NZD/USD Levels
Spot is presently trading at 0.8652, and next resistance can be seen at 0.8656 (Yesterday's Low), 0.8660 (Daily Open), 0.8671 (Daily High), 0.8677 (Hourly 100 SMA) and 0.8679 (Hourly 20 EMA). Next support to the downside can be found at 0.8642 (Daily Low), 0.8628 (Daily Classic S2), 0.8624 (Hourly 200 SMA), 0.8620 (Daily 20 SMA) and 0.8617 (Weekly Low).
NZD/USD is testing the support and starting levels of the week here on a day where overnight, Yellen painted an overall positive outlook for the US economy in a speech which she made. This coupled with when Governor Wheeler noted that the RBNZ “considers that the exchange rate is overvalued and does not believe its current level is sustainable”, keeps the pair on offer.
NZD/USD Levels
Spot is presently trading at 0.8652, and next resistance can be seen at 0.8656 (Yesterday's Low), 0.8660 (Daily Open), 0.8671 (Daily High), 0.8677 (Hourly 100 SMA) and 0.8679 (Hourly 20 EMA). Next support to the downside can be found at 0.8642 (Daily Low), 0.8628 (Daily Classic S2), 0.8624 (Hourly 200 SMA), 0.8620 (Daily 20 SMA) and 0.8617 (Weekly Low).