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29 Jan 2014
Kiwi is not that strong after all as the resistance of 0.8300 is still unbroken
FXstreet.com (Moscow) - NZD/USD is under selling pressure as the pair ran into buy stops above 0.8300 and returned back to the interim support of 0.8270
Kiwi is stuck at the resistance
NZD touched the resistance of 0.8300 early in the morning on Wednesday as Turkish central bank monetary policy decision pushed risk-sensitive currencies such as Aussie and Kiwi higher, though the momentum was too weak to get the NZD/USD above the important resistance. RBNZ published low-deposit lending figures for December that decreased from 7% to 5.6%, which means that the LVR restrictions are limiting the house price inflation. Though the market largely ignored this news. The FOMC announces its monetary policy and QE3 tapering decisions today, which may serve as a potential market mover for NZD/USD. Th pair may go to the support of 0.8250 and then to 0.8200 on the back of general USD strength. Also keep an eye at 0.8300 resistance. Once it is broken, the pair will accelerate to 0.8340.
What are today’s key NZD/USD levels?
Today's central pivot point can be found at 0.8265, with support below at 0.8226, 0.8180 and 0.8147, with resistance above at 0.8311, 0.8350 and 0.8396. Hourly Moving Averages are mostly bullish, with the 200SMA at 0.8283 and the daily 20EMA at 0.8277. Hourly RSI is neutral at 54.
Kiwi is stuck at the resistance
NZD touched the resistance of 0.8300 early in the morning on Wednesday as Turkish central bank monetary policy decision pushed risk-sensitive currencies such as Aussie and Kiwi higher, though the momentum was too weak to get the NZD/USD above the important resistance. RBNZ published low-deposit lending figures for December that decreased from 7% to 5.6%, which means that the LVR restrictions are limiting the house price inflation. Though the market largely ignored this news. The FOMC announces its monetary policy and QE3 tapering decisions today, which may serve as a potential market mover for NZD/USD. Th pair may go to the support of 0.8250 and then to 0.8200 on the back of general USD strength. Also keep an eye at 0.8300 resistance. Once it is broken, the pair will accelerate to 0.8340.
What are today’s key NZD/USD levels?
Today's central pivot point can be found at 0.8265, with support below at 0.8226, 0.8180 and 0.8147, with resistance above at 0.8311, 0.8350 and 0.8396. Hourly Moving Averages are mostly bullish, with the 200SMA at 0.8283 and the daily 20EMA at 0.8277. Hourly RSI is neutral at 54.