9 Apr 2014
NZD/USD walks back to 0.8670 unable to break 0.87
FXStreet (Moscow) - Currently, NZD/USD is trading at 0.8673, down -0.05% on the day, having posted a daily high at 0.8709 and low at 0.8661.
How strong has the move been?
Unable to break above 0.87 strong resistance area the pair retraced lower trading at 0.8670 at the moment. NZD/USD spot is in neutral territory according to the hourly FXStreet OB/OS Index, while the FXStreet Trend Index is slightly bullish. RSI is in neutral territory at 32.68, down from it’s last hourly close at 51.54, while ADX is ranging above 30 at 20.62, up from 19.14 at the last hourly close. Looking to a daily chart, we see that RSI is neutral at 64.65. The 200 SMA is currently at 0.8647, up from 0.8624 at the last period close, and climbing on the hourly NZD/USD chart. Moving in an upward trend, the exponential average closing price is 0.8572.
What price levels and patterns have to be considered?
Current price is 0.8673, with resistance ahead at 0.8677, 0.8726 and 0.8747.
Next support to the downside can be found at 0.8661 (Daily Low), 0.8651 (Daily Classic PP), 0.8624 (Hourly 200 SMA), 0.8618 (Daily Classic S1) and 0.8606 (Weekly Classic PP).
How strong has the move been?
Unable to break above 0.87 strong resistance area the pair retraced lower trading at 0.8670 at the moment. NZD/USD spot is in neutral territory according to the hourly FXStreet OB/OS Index, while the FXStreet Trend Index is slightly bullish. RSI is in neutral territory at 32.68, down from it’s last hourly close at 51.54, while ADX is ranging above 30 at 20.62, up from 19.14 at the last hourly close. Looking to a daily chart, we see that RSI is neutral at 64.65. The 200 SMA is currently at 0.8647, up from 0.8624 at the last period close, and climbing on the hourly NZD/USD chart. Moving in an upward trend, the exponential average closing price is 0.8572.
What price levels and patterns have to be considered?
Current price is 0.8673, with resistance ahead at 0.8677, 0.8726 and 0.8747.
Next support to the downside can be found at 0.8661 (Daily Low), 0.8651 (Daily Classic PP), 0.8624 (Hourly 200 SMA), 0.8618 (Daily Classic S1) and 0.8606 (Weekly Classic PP).