16 Jan 2014
NZD/USD drops in Asia, eyes 0.8300
FXstreet.com (Córdoba) - The NZD/USD is falling 0.20% early in Asia and reached a 3-day low at 0.8306, extending the retreat from levels on top of 0.8400. The New Zealand dollar has erased most of the weekly gains.
NZD/USD affected by Australian data
After the release of a weak economic report in Australia, that showed a decline in employment on December by 22.600, surprising analysts that expected a gain of 10.000, the NZD/USD broke below yesterday's low despite the rally of the Kiwi against the Aussie.
At the moment of writing the pair is trading at 0.8320, slightly off session lows, but continues to move in a downside short-term trend, eyeing 0.8300. Below immediate support lies at 0.8265 and 0.8230. To the upside resistance could be located at 0.8335 and above at 0.8345 (hourly downtrend line) and 0.8385 (January 15 high).
NZD/USD affected by Australian data
After the release of a weak economic report in Australia, that showed a decline in employment on December by 22.600, surprising analysts that expected a gain of 10.000, the NZD/USD broke below yesterday's low despite the rally of the Kiwi against the Aussie.
At the moment of writing the pair is trading at 0.8320, slightly off session lows, but continues to move in a downside short-term trend, eyeing 0.8300. Below immediate support lies at 0.8265 and 0.8230. To the upside resistance could be located at 0.8335 and above at 0.8345 (hourly downtrend line) and 0.8385 (January 15 high).