10 Jun 2015
NZD/USD slightly up, RBNZ decision tomorrow
FXStreet (Córdoba) - NZD/USD enters a new session little changed from yesterday’s opening, having enjoyed some intraday volatility.
NZD/USD was rejected from a high of 0.7179 and stabilized around 0.7140 as investors square positions ahead of the Reserve Bank of New Zealand announcement tomorrow. Analysts are still split about what to expect from the RBNZ, with some still expecting a 25 bps cut this week.
NZD/USD levels to watch
At time of writing, the kiwi is trading at 0.7142, 0.15% above its opening price. As for technical levels, next resistances are seen at 0.7179 (June 9 high), 0.7200 (psychological level) and 0.7247 (21-day SMA). On the flip side, supports could be found at 0.7085 (Jun 9 low), 0.7040 (Jun 8 low) and 0.7023 (Jun 5 low).
NZD/USD was rejected from a high of 0.7179 and stabilized around 0.7140 as investors square positions ahead of the Reserve Bank of New Zealand announcement tomorrow. Analysts are still split about what to expect from the RBNZ, with some still expecting a 25 bps cut this week.
NZD/USD levels to watch
At time of writing, the kiwi is trading at 0.7142, 0.15% above its opening price. As for technical levels, next resistances are seen at 0.7179 (June 9 high), 0.7200 (psychological level) and 0.7247 (21-day SMA). On the flip side, supports could be found at 0.7085 (Jun 9 low), 0.7040 (Jun 8 low) and 0.7023 (Jun 5 low).