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4 Apr 2014
NZD/USD drifting higher ahead of Nonfarm Payrolls
FXStreet (Guatemala) - Currently, NZD/USD is trading at 0.8549, up 0.10% on the day, having posted a daily high at 0.8553 and low at 0.8535.
NZD/USD is easing back into slightly more positive territory away from the recent lows beyond 0.8520, but what lies ahead in the form of Nonfarm payrolls doesn’t really give one much confidence in the drifts longevity if we see a number of 200K or there about which would only support the US dollar in relation to the Feds tapering schedule.
NZD overbought readings
The FXStreet OB/OS Index is reflecting overbought hourly conditions, while the FXStreet Trend Index is slightly bullish. However, daily RSI still sits at 55.79, in neutral territory. Looking to momentum indicators, the hourly 200 SMA is currently at 0.8562, down from the last close at 0.8613 and declining. Over the past 20 days, the exponential average closing price is 0.8553, and ranging.
NZD/USD Levels
Current price is 0.8551, with resistance ahead at 0.8553 (Daily High), 0.8553 (Daily 20 SMA), 0.8582 (Yesterday's High), 0.8586 (Daily Classic PP) and 0.8613 (Hourly 200 SMA). Next support to the downside can be found at 0.8547 (Weekly Classic S1), 0.8544 (Hourly 20 EMA), 0.8544 (Daily Open), 0.8544 (Weekly Low) and 0.8535 (Daily Low).
NZD/USD is easing back into slightly more positive territory away from the recent lows beyond 0.8520, but what lies ahead in the form of Nonfarm payrolls doesn’t really give one much confidence in the drifts longevity if we see a number of 200K or there about which would only support the US dollar in relation to the Feds tapering schedule.
NZD overbought readings
The FXStreet OB/OS Index is reflecting overbought hourly conditions, while the FXStreet Trend Index is slightly bullish. However, daily RSI still sits at 55.79, in neutral territory. Looking to momentum indicators, the hourly 200 SMA is currently at 0.8562, down from the last close at 0.8613 and declining. Over the past 20 days, the exponential average closing price is 0.8553, and ranging.
NZD/USD Levels
Current price is 0.8551, with resistance ahead at 0.8553 (Daily High), 0.8553 (Daily 20 SMA), 0.8582 (Yesterday's High), 0.8586 (Daily Classic PP) and 0.8613 (Hourly 200 SMA). Next support to the downside can be found at 0.8547 (Weekly Classic S1), 0.8544 (Hourly 20 EMA), 0.8544 (Daily Open), 0.8544 (Weekly Low) and 0.8535 (Daily Low).