Back
4 Jun 2014
NZD/USD signalled to 0.8300
FXStreet (Guatemala) - NZD/USD is trading at 0.8430, up 0.00% on the day, having posted a daily high at 0.8433 and low at 0.8427.
NZD/USD is being supported on 0.8420 currently but Imre Speizer, strategist at Westpac Banking Corporation ABN explained that the expectations the RBNZ will signal a pause in June should continue to weigh on NZD/USD until 12 June. “NZD/USD has broken a key level with bearish implications. Neckline support at 0.8525 broke last week, technically signalling a move to around 0.8300. Markets are likely to persist with their skepticism regarding the RBNZ’s tightening cycle, right up to the 12 June MPS”.
NZD/USD Levels
Current price is 0.8431, with resistance ahead at 0.8433 (Daily High), 0.8440 (Weekly Classic S1), 0.8446 (Hourly 20 EMA), 0.8452 (Monthly Low) and 0.8452 (Weekly Low). Next support to the downside can be found at 0.8431 (Daily Open), 0.8428 (Daily Classic S1), 0.8427 (Daily Low), 0.8418 (Yesterday's Low) and 0.8405 (Daily Classic S2).
NZD/USD is being supported on 0.8420 currently but Imre Speizer, strategist at Westpac Banking Corporation ABN explained that the expectations the RBNZ will signal a pause in June should continue to weigh on NZD/USD until 12 June. “NZD/USD has broken a key level with bearish implications. Neckline support at 0.8525 broke last week, technically signalling a move to around 0.8300. Markets are likely to persist with their skepticism regarding the RBNZ’s tightening cycle, right up to the 12 June MPS”.
NZD/USD Levels
Current price is 0.8431, with resistance ahead at 0.8433 (Daily High), 0.8440 (Weekly Classic S1), 0.8446 (Hourly 20 EMA), 0.8452 (Monthly Low) and 0.8452 (Weekly Low). Next support to the downside can be found at 0.8431 (Daily Open), 0.8428 (Daily Classic S1), 0.8427 (Daily Low), 0.8418 (Yesterday's Low) and 0.8405 (Daily Classic S2).