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20 May 2014
NZD/USD pressing lower through the ranks on 0.86 handle
FXStreet (Guatemala) - NZD/USD is trading at 0.8626, up 0.00% on the day, having posted a daily high at 0.8631 and low at 0.8622.
NZD/USD has been extending the downside but is being held up at 0.8620 and recovering to 0.8630. Stragetist at TD Securities explained that, for the most part, 2nd tier data is to be released this week. “Of most interest will be Apr Net Migration Data out on Wed with last month’s read being the highest since Feb 2003”. They further noted that the ANZ Jobs and Consumer Confidence Data will be released on Thursday which they said should show confidence near the record highs in Mar with Q2 2yr Inflation Expectations to also be released on Thur.
NZD/USD Levels
Current price is 0.8626, with resistance ahead at 0.8629 (Daily Open), 0.8630 (Daily 20 SMA), 0.8631 (Daily High), 0.8636 (Hourly 20 EMA) and 0.8636 (Daily Classic PP). Next support to the downside can be found at 0.8622 (Daily Low), 0.8620 (Weekly Low), 0.8620 (Yesterday's Low), 0.8616 (Daily Classic S1) and 0.8604 (Daily Classic S2).
NZD/USD has been extending the downside but is being held up at 0.8620 and recovering to 0.8630. Stragetist at TD Securities explained that, for the most part, 2nd tier data is to be released this week. “Of most interest will be Apr Net Migration Data out on Wed with last month’s read being the highest since Feb 2003”. They further noted that the ANZ Jobs and Consumer Confidence Data will be released on Thursday which they said should show confidence near the record highs in Mar with Q2 2yr Inflation Expectations to also be released on Thur.
NZD/USD Levels
Current price is 0.8626, with resistance ahead at 0.8629 (Daily Open), 0.8630 (Daily 20 SMA), 0.8631 (Daily High), 0.8636 (Hourly 20 EMA) and 0.8636 (Daily Classic PP). Next support to the downside can be found at 0.8622 (Daily Low), 0.8620 (Weekly Low), 0.8620 (Yesterday's Low), 0.8616 (Daily Classic S1) and 0.8604 (Daily Classic S2).