19 Jun 2014
NZD/USD shedding a little profit here
FXStreet (Guatemala) - NZD/USD is trading at 0.8721, down -0.13% on the day, having posted a daily high at 0.8737 and low at 0.8718.
NZD/USD is creeping lower despite an uptick in the GDP year on year for Q1 at 3.8% vs 3.& expected, although quarter on quarter we are reading a disappointment at 1.0% vs 1.2% expected. The pair has been well bid throughout the session in the US post a dovish although optimistic FOMC. NZD/USD rallied from the 0.8670 mark to reach levels we are trading around on the 0.87 handle post that event, and here we are losing 10 pips on the GDP data.
NZD/USD Levels
Spot is presently trading at 0.8721, and next resistance can be seen at 0.8727 (Daily Classic R3), 0.8732 (Daily Open), 0.8737 (Daily High), 0.8737 (Yesterday's High) and 0.8741 (Annual High). Support below can be found at 0.8718 (Daily Low), 0.8706 (Daily Classic R2), 0.8689 (Hourly 20 EMA), 0.8688
NZD/USD is creeping lower despite an uptick in the GDP year on year for Q1 at 3.8% vs 3.& expected, although quarter on quarter we are reading a disappointment at 1.0% vs 1.2% expected. The pair has been well bid throughout the session in the US post a dovish although optimistic FOMC. NZD/USD rallied from the 0.8670 mark to reach levels we are trading around on the 0.87 handle post that event, and here we are losing 10 pips on the GDP data.
NZD/USD Levels
Spot is presently trading at 0.8721, and next resistance can be seen at 0.8727 (Daily Classic R3), 0.8732 (Daily Open), 0.8737 (Daily High), 0.8737 (Yesterday's High) and 0.8741 (Annual High). Support below can be found at 0.8718 (Daily Low), 0.8706 (Daily Classic R2), 0.8689 (Hourly 20 EMA), 0.8688