NZD/USD consolidating the drop into negative territory

FXStreet (Barcelona) - NZD/USD is trading at 0.8611, down -1.03% on the day, having posted a daily high at 0.8706 and low at 0.8605.

NZD/USD trade balance has been the next bit of data out for the bird but taking a back seat in respect of the recent fall from the RBNZ’s neutral statement that accompanied a further hike.

NZD/USD Levels

With spot trading at 0.8615, we can see next resistance ahead at 0.8623 (Daily 100 SMA), 0.8647 (Daily Classic S1) and 0.8657 (Yesterday's Low). Support below can be found at 0.8605 (Daily Low), 0.8601 (Daily Classic S3), 0.8545 (Weekly Classic S2) and 0.8450 (Daily 200 SMA).

RBA on hold until mid-2015 - Nomura

Despite Australia's core inflation came stronger-than-expected, Nomura still believes that the RBA is on hold until mid-2015.
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