4 Feb 2014
NZD/USD soars to 0.8260 the high
FXStreet (Guatemala) - NZD/USD has climbed from below 0.8060 on the session in Europe and reached as high as 0.8220 prior to the release of upbeat Jobs data from New Zealand.
Meanwhile, the New Zealand employment report for Q4was released and fuelled the bulls fire, with the employment change at 1.1% vs 0.6% expected and 1.2% previous. The employment rate stood at 0.6% vs 6% expected and 6.2% prior. Participation rate for Q4 stood at 68.9 vs 68.6% expected and 68.6% previous. The average hourly earnings for Q4 were 0.3% vs +0.1% expected and 1.6% prior. The Bird has since swooped below 0.8240 from supply on the spike.
NZD/USD Levels
The 20 DMA is 0.8276, the 50 DMA is 0.8238, 0.8139. RSI (14) reads 26.66. Spot is currently 0.8240.
Meanwhile, the New Zealand employment report for Q4was released and fuelled the bulls fire, with the employment change at 1.1% vs 0.6% expected and 1.2% previous. The employment rate stood at 0.6% vs 6% expected and 6.2% prior. Participation rate for Q4 stood at 68.9 vs 68.6% expected and 68.6% previous. The average hourly earnings for Q4 were 0.3% vs +0.1% expected and 1.6% prior. The Bird has since swooped below 0.8240 from supply on the spike.
NZD/USD Levels
The 20 DMA is 0.8276, the 50 DMA is 0.8238, 0.8139. RSI (14) reads 26.66. Spot is currently 0.8240.