11 Jul 2014
NZD/USD seeking continued support on 0.88 handle
FXStreet (Guatemala) - NZD/USD is trading at 0.8814, down -0.05% on the day, having posted a daily high at 0.8823 and low at 0.8815.
NZD/USD is looking to close the week with the 0.88 handle in tact, but so far, any attempts to close above 0.8820 on the hourly’s is being squashed. “NZD may continue to see support at these multi year highs after the RBNZ revises its projected estimate for potential GDP to 2.8% in 2015 from 2.50% previously”, explained Emmanuel Ng, FX Strategist at OCBC Bank.
NZD/USD Levels
With spot trading at 0.8817, we can see next resistance ahead at 0.8822 (Daily Open), 0.8823 (Daily High), 0.8823 (Monthly High), 0.8823 (Weekly High) and 0.8823 (Annual High). Support below can be found at 0.8815 (Daily Low), 0.8814 (Hourly 20 EMA), 0.8811 (Daily Classic PP), 0.8793 (Yesterday's Low) and 0.8792 (Daily Classic S1).
NZD/USD is looking to close the week with the 0.88 handle in tact, but so far, any attempts to close above 0.8820 on the hourly’s is being squashed. “NZD may continue to see support at these multi year highs after the RBNZ revises its projected estimate for potential GDP to 2.8% in 2015 from 2.50% previously”, explained Emmanuel Ng, FX Strategist at OCBC Bank.
NZD/USD Levels
With spot trading at 0.8817, we can see next resistance ahead at 0.8822 (Daily Open), 0.8823 (Daily High), 0.8823 (Monthly High), 0.8823 (Weekly High) and 0.8823 (Annual High). Support below can be found at 0.8815 (Daily Low), 0.8814 (Hourly 20 EMA), 0.8811 (Daily Classic PP), 0.8793 (Yesterday's Low) and 0.8792 (Daily Classic S1).