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15 Aug 2013
NZD/USD eyes 0.8100 handle
FXstreet.com (Barcelona) - NZDUSD rose to print0.8079 the high overnight from min day NY trading activity around the 0.8020 mark.
Data releases were restricted to second-tier only overnight, although the kiwi trifecta was certainly upbeat, said Annette Beacher , Head of Asia-Pacific Research, FX and Rates Strategy at TD Securities . “NZD Job ads rose +3.5%/mth in July, the highest monthly jump in over a year; manufacturing PMI in Jul jumped to 59.5 (last 54.7); and ANZ consumer confidence also kept up by rising +2.7%/mth to 123 in Aug (last 119.8). None are surveyed, but all upbeat Q3 indicators”. Markets today will be looking to US CPI.
NZD/USD extending gains
NZD/USD extended the bullish rebound after testing 0.8020 support level. A break above the latest high at 0.8079 clears the way towards the top of the sideways range at 0.8100 and 0.8135 levels. The 20 dma is 0.7968, 50 dma is 0.7900, and 200 dma is 0.8214. RSI (9) reads 58.92. Supports are ascending from 0.7919, 0.7935, 0.7950 and 0.8010. Spot is currently 0.8064 while resistances are 0.8105, 0.8137, 0.8164 and 0.8173.
Data releases were restricted to second-tier only overnight, although the kiwi trifecta was certainly upbeat, said Annette Beacher , Head of Asia-Pacific Research, FX and Rates Strategy at TD Securities . “NZD Job ads rose +3.5%/mth in July, the highest monthly jump in over a year; manufacturing PMI in Jul jumped to 59.5 (last 54.7); and ANZ consumer confidence also kept up by rising +2.7%/mth to 123 in Aug (last 119.8). None are surveyed, but all upbeat Q3 indicators”. Markets today will be looking to US CPI.
NZD/USD extending gains
NZD/USD extended the bullish rebound after testing 0.8020 support level. A break above the latest high at 0.8079 clears the way towards the top of the sideways range at 0.8100 and 0.8135 levels. The 20 dma is 0.7968, 50 dma is 0.7900, and 200 dma is 0.8214. RSI (9) reads 58.92. Supports are ascending from 0.7919, 0.7935, 0.7950 and 0.8010. Spot is currently 0.8064 while resistances are 0.8105, 0.8137, 0.8164 and 0.8173.