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11 Feb 2014
Kiwi is trying to hold ground above 0.8300
FXStreet (Moscow) - Kiwi follows where Aussie leads nowadays as the currency pair moved higher this morning and even managed to go through an important resistance of 0.8300.
Kiwi is on the upside quest
There are no interesting macro reports from New Zealand today, so we attribute the NZD/USD upside to positive developments is Aussie supported and technical factors such as position adjustment before today’s Yellen testimony. The current intraday high of the currency pair is set at 0.8310, if it manages to settle above 0.8300, the longer-term technical picture will brighten quite a lot. The closest resistance comes at 0.8310 and followed by 0.8320 intensified by strong offers and stops. Should the pair return below 0.8300, the downside will accelerate to 0.8254.
What are today’s key NZD/USD levels?
Today's central pivot point can be found at 0.8271, with support below at 0.8254, 0.8238 and 0.8221, with resistance above at 0.8304 and 0.8320. Hourly Moving Averages are bullish, with the 200SMA at 0.8196 and the daily 20EMA at 0.8236. Hourly RSI is neutral at 64.
Kiwi is on the upside quest
There are no interesting macro reports from New Zealand today, so we attribute the NZD/USD upside to positive developments is Aussie supported and technical factors such as position adjustment before today’s Yellen testimony. The current intraday high of the currency pair is set at 0.8310, if it manages to settle above 0.8300, the longer-term technical picture will brighten quite a lot. The closest resistance comes at 0.8310 and followed by 0.8320 intensified by strong offers and stops. Should the pair return below 0.8300, the downside will accelerate to 0.8254.
What are today’s key NZD/USD levels?
Today's central pivot point can be found at 0.8271, with support below at 0.8254, 0.8238 and 0.8221, with resistance above at 0.8304 and 0.8320. Hourly Moving Averages are bullish, with the 200SMA at 0.8196 and the daily 20EMA at 0.8236. Hourly RSI is neutral at 64.