18 Jun 2014
NZD/USD bears being kept at bay
FXStreet (Guatemala) - NZD/USD is trading at 0.8653, down -0.03% on the day, having posted a daily high at 0.8661 and low at 0.8652.
NZD/USD is trading in a tight spot and offers from the start of the weeks business has penetrated on through to test the mid point of the 0.86 handle where support is keeping the bears at bay. Meanwhile, from the calendar today, New Zealand's current account balance came at +$1.4 billion in the first quarter of 2014, in line with estimates. Technically, the hourly FXStreet OB/OS Index is showing neutral conditions, alongside the FXStreet Trend Index which is strongly bearish.
NZD/USD Levels
Current price is 0.8656, with resistance ahead at 0.8659 (Hourly 20 EMA), (Daily Open), 0.8660 (Hourly 100 SMA), 0.8661 (Daily High) and 0.8678 (Daily Classic PP). Next support to the downside can be found at 0.8656 (Daily Classic S1), 0.8652 (Daily Low), 0.8641 (Yesterday's Low), 0.8636 (Daily Classic S2) and 0.8618 (Weekly Classic PP).
NZD/USD is trading in a tight spot and offers from the start of the weeks business has penetrated on through to test the mid point of the 0.86 handle where support is keeping the bears at bay. Meanwhile, from the calendar today, New Zealand's current account balance came at +$1.4 billion in the first quarter of 2014, in line with estimates. Technically, the hourly FXStreet OB/OS Index is showing neutral conditions, alongside the FXStreet Trend Index which is strongly bearish.
NZD/USD Levels
Current price is 0.8656, with resistance ahead at 0.8659 (Hourly 20 EMA), (Daily Open), 0.8660 (Hourly 100 SMA), 0.8661 (Daily High) and 0.8678 (Daily Classic PP). Next support to the downside can be found at 0.8656 (Daily Classic S1), 0.8652 (Daily Low), 0.8641 (Yesterday's Low), 0.8636 (Daily Classic S2) and 0.8618 (Weekly Classic PP).