13 Sep 2013
NZD/USD finds bids protecting 0.8120
FXstreet.com (London) - NZD/USD is overall offered after a hawkish RBNZ and has broken 0.8140 support, targeting lower levels but has attracted bids ahead of 0.8120.
Meanwhile, Business NZ PMI for August arrived 57.5 and came in lower than the previous 59.5. On the US data front, the pair has seen US Initial Jobless Claims that arrived 292k against 330k expected for Sep 6th while Continuing Jobless Claims came in at 2.871m against 2.960 expected. To round up the week tomorrow, eye’s will be for further US data in PPI for August, Retails Sales for August, Michigan Consumer Sentiment Index and Business Inventories for August.
NZD/USD Levels
NZD/USD levels are coming with the 20 DMA is 0.7910, the 50 DMA is 0.7917. RSI reads 69.83. Supports are ascending from 0.8037, 0.8050, 0.8065, 0.8091. Spot is 0.8131, while resistances are 0.8165, 0.8173, 0.8213 and 0.8256
Meanwhile, Business NZ PMI for August arrived 57.5 and came in lower than the previous 59.5. On the US data front, the pair has seen US Initial Jobless Claims that arrived 292k against 330k expected for Sep 6th while Continuing Jobless Claims came in at 2.871m against 2.960 expected. To round up the week tomorrow, eye’s will be for further US data in PPI for August, Retails Sales for August, Michigan Consumer Sentiment Index and Business Inventories for August.
NZD/USD Levels
NZD/USD levels are coming with the 20 DMA is 0.7910, the 50 DMA is 0.7917. RSI reads 69.83. Supports are ascending from 0.8037, 0.8050, 0.8065, 0.8091. Spot is 0.8131, while resistances are 0.8165, 0.8173, 0.8213 and 0.8256