5 Dec 2013
NZD/USD playing catch up?
FXstreet.com (London) - NZD/USD has been attempting the 0.82 handle and has scored a high of 0.8206 despite a broadly firmer dollar on the day so far.
Markets are upon a foundation of the Fed taper concerns while the AUD and the NZD are under-performing and are liable to weaken relatively more as tapering concerns build. Meanwhile, besides the AUDNZD liquidation, generally NZD plays catch up to AUD moves over the past two sessions.
NZD/USD Levels
The 20 DMA is 0.8246, the 50 DMA is 0.8297 and the 200 DMA is 0.8165. RSI (14) reads 51.41. Supports are ascending from 0.8084, 0.8112, 0.8130, 0.8158. Spot is 0.8198 while resistances are 0.8243, 0.8260, 0.8266 and 0.8284.
Markets are upon a foundation of the Fed taper concerns while the AUD and the NZD are under-performing and are liable to weaken relatively more as tapering concerns build. Meanwhile, besides the AUDNZD liquidation, generally NZD plays catch up to AUD moves over the past two sessions.
NZD/USD Levels
The 20 DMA is 0.8246, the 50 DMA is 0.8297 and the 200 DMA is 0.8165. RSI (14) reads 51.41. Supports are ascending from 0.8084, 0.8112, 0.8130, 0.8158. Spot is 0.8198 while resistances are 0.8243, 0.8260, 0.8266 and 0.8284.