21 Jan 2014
NZD/USD making a come back
FXstreet.com (Guatemala) - NZD/USD has made a high of 0.8336 on a come back after a series of higher highs from below the 0.83 handle.
Senior Currency Strategist at Rabobank said that there is no argument over the fact that the RBNZ has been positioning itself for a rate hike in the coming months. “This morning’s release of Q1 CPI inflation rate reported inflation at 1.6% above the 1.4% rate that persisted in the September quarter. While today’s release was a little higher than market expectations, it is consistent with the warnings of the RBNZ last month that “inflation pressures are projected to increase”.
NZD/USD Levels
The 20 DMA is 0.8253, the 50 DMA is 0.8245 and the 200 DMA is 0.8149. RSI (14) reads 65.35. Supports are ascending from 0.8180, 0.8207, 0.8256, 0.8272. Spot is 0.8322 while resistances are 0.8362, 0.8433, 0.8446 and 0.8518.
Senior Currency Strategist at Rabobank said that there is no argument over the fact that the RBNZ has been positioning itself for a rate hike in the coming months. “This morning’s release of Q1 CPI inflation rate reported inflation at 1.6% above the 1.4% rate that persisted in the September quarter. While today’s release was a little higher than market expectations, it is consistent with the warnings of the RBNZ last month that “inflation pressures are projected to increase”.
NZD/USD Levels
The 20 DMA is 0.8253, the 50 DMA is 0.8245 and the 200 DMA is 0.8149. RSI (14) reads 65.35. Supports are ascending from 0.8180, 0.8207, 0.8256, 0.8272. Spot is 0.8322 while resistances are 0.8362, 0.8433, 0.8446 and 0.8518.