26 May 2014
NZD/USD remains offered
FXStreet (Guatemala) - NZD/USD is trading at 0.8536, down -0.11% on the day, having posted a daily high at 0.8551 and low at 0.8536.
A quiet day ahead it appears now with the US and UK on holidays and New Zealand data done for the day with Trade balances dissapointing. The FXStreet OB/OS Index is reflecting neutral hourly conditions, while the FXStreet Trend Index is also neutral. Meanwhile, turning the US, “US interest rates remained depressed, possibly due to caution around the weekend’s Ukrainian elections, and possibly due to a primary dealers survey expecting the Fed Funds rate to average only 2.75% over the next decade. WSJ Fedwatcher Hilsenrath also opined the rate would be low in future”, Sean Callow, analyst at Westpac Banking Corporation ABN, explained.
NZD/USD Levels
Spot is presently trading at 0.8537, and next resistance can be seen at 0.8539 (Monthly Low), 0.8541 (Daily Open), 0.8546 (Weekly Low), 0.8550 (Daily Classic PP) and 0.8551 (Daily High). Next support to the downside can be found at 0.8536 (Daily Low), 0.8530 (Yesterday's Low), 0.8526 (Daily Classic S1), 0.8505 (Daily Classic S2) and 0.8499 (Weekly Classic S1).
A quiet day ahead it appears now with the US and UK on holidays and New Zealand data done for the day with Trade balances dissapointing. The FXStreet OB/OS Index is reflecting neutral hourly conditions, while the FXStreet Trend Index is also neutral. Meanwhile, turning the US, “US interest rates remained depressed, possibly due to caution around the weekend’s Ukrainian elections, and possibly due to a primary dealers survey expecting the Fed Funds rate to average only 2.75% over the next decade. WSJ Fedwatcher Hilsenrath also opined the rate would be low in future”, Sean Callow, analyst at Westpac Banking Corporation ABN, explained.
NZD/USD Levels
Spot is presently trading at 0.8537, and next resistance can be seen at 0.8539 (Monthly Low), 0.8541 (Daily Open), 0.8546 (Weekly Low), 0.8550 (Daily Classic PP) and 0.8551 (Daily High). Next support to the downside can be found at 0.8536 (Daily Low), 0.8530 (Yesterday's Low), 0.8526 (Daily Classic S1), 0.8505 (Daily Classic S2) and 0.8499 (Weekly Classic S1).