29 Sep 2014
NZD/USD dumps on extraordinary sales of NZD
FXStreet (Guatemala) - NZD/USD is trading at 0.7783, down -1.04% on the day, having posted a daily high at 0.7871 and low at 0.7757.
NZD/USD has dumped and made a new low on the mid point of the 0.77 handle. The pair has since pulled back losses and is trading around the 0.78 handle in a tug of war as markets digest the news and bearishness centred around the pair. Of recent also, the Prime minister of New Zealand said that the kiwi has a fair value of 65 cents, agreeing with the RBNZ that the currency is overvalued.
NZD/USD noteworthy levels
Current price is 0.7783, with resistance ahead at 0.7796 (Daily Classic S2), 0.7830 (Daily Classic S1), 0.7859, and 0.7865. Next support to the downside can be found at 0.7759 (Weekly Classic S1), 0.7757 0.7732 (Daily Classic S3), 0.7653 (Weekly Classic S2) and 0.7447 (Weekly Classic S3).
NZD/USD has dumped and made a new low on the mid point of the 0.77 handle. The pair has since pulled back losses and is trading around the 0.78 handle in a tug of war as markets digest the news and bearishness centred around the pair. Of recent also, the Prime minister of New Zealand said that the kiwi has a fair value of 65 cents, agreeing with the RBNZ that the currency is overvalued.
NZD/USD noteworthy levels
Current price is 0.7783, with resistance ahead at 0.7796 (Daily Classic S2), 0.7830 (Daily Classic S1), 0.7859, and 0.7865. Next support to the downside can be found at 0.7759 (Weekly Classic S1), 0.7757 0.7732 (Daily Classic S3), 0.7653 (Weekly Classic S2) and 0.7447 (Weekly Classic S3).