10 Feb 2014
NZD/USD doesn’t dare to come close to the key resistance of 0.8300
FXStreet (Moscow) - NZD/USD is under slight bearish pressure early on Monday as the currency pair opened at 0.8284 and moved to current intraday low at 0.8274. It seems that 8280-0.8300 resistance area is too strong to be passed with ease.
Kiwi is waiting for Yellen
NZD/USD reversed all the losses incurred during the previous week and came close the the important resistance area of 0.8280-0.8300. As long as the pair stays below, the longer term mode remains consolidative. Though intraday traders should not be discouraged, as the range is so wide that they will have plenty of trading opportunities. We do not have any meaningful news for kiwi today, so the pair may be influenced by speculations regarding Yellen’s testimony in Tuesday. Failed attempts to go above the resistance area of 0.8280-0.8300 may trigger the correction to the support level of 0.8240, the move lower may accelerate the downside to 0.8200.
What are today’s key NZD/USD levels?
Today's central pivot point can be found at 0.8267, with support below at 0.8236, 0.8181 and 0.8150, with resistance above at 0.8322, 0.8353 and 0.8408. Hourly Moving Averages are bullish, with the 200SMA at 0.8196 and the daily 20EMA at 0.8233. Hourly RSI is neutral at 62.
Kiwi is waiting for Yellen
NZD/USD reversed all the losses incurred during the previous week and came close the the important resistance area of 0.8280-0.8300. As long as the pair stays below, the longer term mode remains consolidative. Though intraday traders should not be discouraged, as the range is so wide that they will have plenty of trading opportunities. We do not have any meaningful news for kiwi today, so the pair may be influenced by speculations regarding Yellen’s testimony in Tuesday. Failed attempts to go above the resistance area of 0.8280-0.8300 may trigger the correction to the support level of 0.8240, the move lower may accelerate the downside to 0.8200.
What are today’s key NZD/USD levels?
Today's central pivot point can be found at 0.8267, with support below at 0.8236, 0.8181 and 0.8150, with resistance above at 0.8322, 0.8353 and 0.8408. Hourly Moving Averages are bullish, with the 200SMA at 0.8196 and the daily 20EMA at 0.8233. Hourly RSI is neutral at 62.