17 Dec 2014
EUR/NZD gains, upside barrier at 10-day SMA
FXStreet (Mumbai) - The common currency remains elevated against the New Zealand dollar, swinging between gains and losses today as the Kiwi failed to gain ground versus the US dollar.
The EUR/NZD pair trades now at 1.6114 levels, higher 0.43% on the day, after having hit day’s low of 1.6043 in the Asian trading. The gains in the EUR/NZD pair are largely on the back of almost 1% drop in the Kiwi against the greenback. The NZD/USD trades now at 0.7730 levels.
Moreover, muted Euro zone CPI numbers also didn’t help the Kiwi against the Euro.
EUR/NZD Technical Levels
The pair has an immediate resistance at 1.6132 (10-day DMA) levels, above which gains could be extended to 1.6167 (Nov 7 High) levels. On the flip side, support is seen at 1.6096 (20-day SMA), from here it to 1.6078 (50-day SMA) levels.
The EUR/NZD pair trades now at 1.6114 levels, higher 0.43% on the day, after having hit day’s low of 1.6043 in the Asian trading. The gains in the EUR/NZD pair are largely on the back of almost 1% drop in the Kiwi against the greenback. The NZD/USD trades now at 0.7730 levels.
Moreover, muted Euro zone CPI numbers also didn’t help the Kiwi against the Euro.
EUR/NZD Technical Levels
The pair has an immediate resistance at 1.6132 (10-day DMA) levels, above which gains could be extended to 1.6167 (Nov 7 High) levels. On the flip side, support is seen at 1.6096 (20-day SMA), from here it to 1.6078 (50-day SMA) levels.