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12 Jun 2014
NZD/USD continues pressuring to the upside
FXStreet (Córdoba) - The Kiwi is among the best performers Thursday underpinned by Reserve Bank of New Zealand (RBNZ) decision to hike rates by 25bps overnight to 3.25% for the third consecutive meeting in 2014.
The NZD/USD welcomed the news and an accompanying hawkish statement helped to fuel the rally throughout the Asian session and it is still not giving up heading into the European opening. The Kiwi gained more than 130 pips so far, having hit a 1-month high of 0.8683 in recent dealings.
NZD/USD technical levels
At time of writing, the NZD/USD is trading at 0.8680, recording a 1.69% gain on the day. To the upside next hurdle stands at the 0.8694/0.8700 (May 15 high/psychological level), followed by 0.8743 (May 7 high) and 0.8778 (3-year high scored May 4).
To the downside, supports could now be found at 0.8517 (Jun 12 low), 0.8500/0.8494 (psychological level/100-day SMA) and 0.8479 (Jun 9 low).
The NZD/USD welcomed the news and an accompanying hawkish statement helped to fuel the rally throughout the Asian session and it is still not giving up heading into the European opening. The Kiwi gained more than 130 pips so far, having hit a 1-month high of 0.8683 in recent dealings.
NZD/USD technical levels
At time of writing, the NZD/USD is trading at 0.8680, recording a 1.69% gain on the day. To the upside next hurdle stands at the 0.8694/0.8700 (May 15 high/psychological level), followed by 0.8743 (May 7 high) and 0.8778 (3-year high scored May 4).
To the downside, supports could now be found at 0.8517 (Jun 12 low), 0.8500/0.8494 (psychological level/100-day SMA) and 0.8479 (Jun 9 low).