24 Jul 2014
NZD/USD drops 80 pips on RBNZ
FXStreet (Guatemala) - NZD/USD is trading at 0.8625 post an expected move from the RBNZ while markets are pondering over the continuation of moves looking ahead.
NZD/USD has dumped and lost the 0.87 handle on an expected outcome from the RBNZ and an increase up to 3.50% on their interest rate. However, the downside plays in with a disappointment after looking into an accompanying statement that read, "It is prudent that there now be a period of assessment before interest rates adjust further towards a more-neutral level."
NZD/USD Levels
Spot is presently trading at 0.8625, and next resistance can be seen at 0.8657 (Yesterday's Low). Support below can be found at 0.8623 (Daily 100 SMA), 0.8622 (Daily Low), 0.8616 (Weekly Classic S1), 0.8601 (Daily Classic S3) and 0.8545 (Weekly Classic S2).
NZD/USD has dumped and lost the 0.87 handle on an expected outcome from the RBNZ and an increase up to 3.50% on their interest rate. However, the downside plays in with a disappointment after looking into an accompanying statement that read, "It is prudent that there now be a period of assessment before interest rates adjust further towards a more-neutral level."
NZD/USD Levels
Spot is presently trading at 0.8625, and next resistance can be seen at 0.8657 (Yesterday's Low). Support below can be found at 0.8623 (Daily 100 SMA), 0.8622 (Daily Low), 0.8616 (Weekly Classic S1), 0.8601 (Daily Classic S3) and 0.8545 (Weekly Classic S2).