8 Jul 2014
NZD/USD falling out of bed on the wrong side
FXStreet (Guatemala) - NZD/USD is trading at 0.8739, down -0.22% on the day, having posted a daily high at 0.8761 and low at 0.8739.
NZD/USD has fallen out of bed and on the wrong side at the start of Asia with a 20 pip decline post the NZIER Business Confidence (QoQ) down to 32% in 2Q from previous 52%. Meanwhile, RSI is in neutral territory at 38.68, down from it’s last hourly close at 60.16, while ADX is trending above 30 at 46.39, down from 51.18 at the last hourly close. Looking to a daily chart, we see that RSI is neutral at 59.05.
NZD/USD Levels
Spot is presently trading at 0.8740, and next resistance can be seen at 0.8743 (Daily Classic PP), 0.8750 (Hourly 20 EMA), 0.8750 (Weekly Classic PP), 0.8754 (Hourly 100 SMA) and 0.8755 (Hourly 200 SMA). Next support to the downside can be found at 0.8740 (Weekly Low), 0.8739 (Daily Low), 0.8727 (Daily Classic S1), 0.8715 (Daily Classic S2) and 0.8713 (Yesterday's Low).
NZD/USD has fallen out of bed and on the wrong side at the start of Asia with a 20 pip decline post the NZIER Business Confidence (QoQ) down to 32% in 2Q from previous 52%. Meanwhile, RSI is in neutral territory at 38.68, down from it’s last hourly close at 60.16, while ADX is trending above 30 at 46.39, down from 51.18 at the last hourly close. Looking to a daily chart, we see that RSI is neutral at 59.05.
NZD/USD Levels
Spot is presently trading at 0.8740, and next resistance can be seen at 0.8743 (Daily Classic PP), 0.8750 (Hourly 20 EMA), 0.8750 (Weekly Classic PP), 0.8754 (Hourly 100 SMA) and 0.8755 (Hourly 200 SMA). Next support to the downside can be found at 0.8740 (Weekly Low), 0.8739 (Daily Low), 0.8727 (Daily Classic S1), 0.8715 (Daily Classic S2) and 0.8713 (Yesterday's Low).