7 Jul 2014
NZD/USD touched 2-week low, and went back above 0.8740
FXStreet (Moscow) - Currently, NZD/USD is trading at 0.8738, down -0.02% on the day, having posted a daily high at 0.8750 and low at 0.8713.
Kiwi may have a chance
Kiwi came under pressure from the early morning moving lower on the broad-based USD strength. Nevertheless, as soon as it reached 2-week low at 0.8712 it reversed the move, and rushed back above 0.8730 area targeting the nearest resistance at 0.8750 area. The move higher may be supported by the looming FOMC minutes, provided the monetary authorities sounded not really aggressive during the last meeting.
What are today’s key NZD/USD levels?
Spot is presently trading at 0.8739, and next resistance can be seen at 0.8740 (Weekly Low), 0.8743 (Daily Classic PP), 0.8749 (Daily Open), 0.8750 (Hourly 200 SMA) and 0.8750 (Daily High). Support below can be found at 0.8732 (Hourly 20 EMA), 0.8730 (Yesterday's Low), 0.8727 (Daily Classic S1), 0.8715 (Daily Classic S2) and 0.8713 (Daily Low).
Kiwi may have a chance
Kiwi came under pressure from the early morning moving lower on the broad-based USD strength. Nevertheless, as soon as it reached 2-week low at 0.8712 it reversed the move, and rushed back above 0.8730 area targeting the nearest resistance at 0.8750 area. The move higher may be supported by the looming FOMC minutes, provided the monetary authorities sounded not really aggressive during the last meeting.
What are today’s key NZD/USD levels?
Spot is presently trading at 0.8739, and next resistance can be seen at 0.8740 (Weekly Low), 0.8743 (Daily Classic PP), 0.8749 (Daily Open), 0.8750 (Hourly 200 SMA) and 0.8750 (Daily High). Support below can be found at 0.8732 (Hourly 20 EMA), 0.8730 (Yesterday's Low), 0.8727 (Daily Classic S1), 0.8715 (Daily Classic S2) and 0.8713 (Daily Low).