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10 Dec 2014
NZD/USD rallies 125 pips on RBNZ hawkishness
FXStreet (Guatemala) - NZD/USD is trading at 0.7782, up 1.34% on the day, having posted a daily high at 0.7806 and low at 0.7662.
NZD/USD has skyrocketed up to test 0.7800 in a 125 pip spike while the RBNZ left rates on hold at 3.50% but mentioned that the OCR is expected to be increased which is what has sent the bird flying as the markets were prepared for a more neutral stance. The report is hawkish but still contains jawboning and requirement for a lower bird as it “remains unjustified and unsustainable” at these current levels.
NZD/USD noteworthy levels
With spot trading at 0.7783, we can see next resistance ahead at 0.7786 (Weekly High), 0.7798 (Daily 20 SMA), 0.7806 (Daily High), 0.7840 (Daily Classic R2) and 0.7849 (Weekly Classic R1). Support below can be found at 0.7775 (Weekly Classic PP), 0.7764 (Yesterday's High), 0.7760 (Daily Classic R1), 0.7758 (Hourly 200 SMA) and 0.7714 (Hourly 20 EMA).
NZD/USD has skyrocketed up to test 0.7800 in a 125 pip spike while the RBNZ left rates on hold at 3.50% but mentioned that the OCR is expected to be increased which is what has sent the bird flying as the markets were prepared for a more neutral stance. The report is hawkish but still contains jawboning and requirement for a lower bird as it “remains unjustified and unsustainable” at these current levels.
NZD/USD noteworthy levels
With spot trading at 0.7783, we can see next resistance ahead at 0.7786 (Weekly High), 0.7798 (Daily 20 SMA), 0.7806 (Daily High), 0.7840 (Daily Classic R2) and 0.7849 (Weekly Classic R1). Support below can be found at 0.7775 (Weekly Classic PP), 0.7764 (Yesterday's High), 0.7760 (Daily Classic R1), 0.7758 (Hourly 200 SMA) and 0.7714 (Hourly 20 EMA).