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12 Feb 2014
NZD just carried along?
FXStreet (Guatemala) - The NZD/USD is in the slipstream of the Aussie while strong Australian data has helped support them both. However, the pair is meeting supply and offers are coming in around the mid point on the 0.84 handle.
The NZD/USD has attracted investors who had been pilling in expecting Yellen, in her first public testimony as new Federal Reserve chair, to deliver a rosier picture for the US and, to some extent, the world economy and positive impacts on the US. That wasn’t necessarily to be and instead we got a mixed bag and, if anything. a slightly more dovish note from her followed. Her statements caused some alarm in the words around a deteriorating outlook for the job market, with serious concerns over too-low inflation that could cause a shift in policy and a pause would be considered if notable change in the outlook. Meanwhile, New Zealand Card Retail Sales were disappointing at -0.5% vs 0.6% previous on the month.
NZD/USD Levels
The 20 DMA is 0.8255, the 50 DMA is 0.8246and the 200 DMA is 0.8130. RSI (14) reads 41.51. Supports are ascending from 0.8210, 0.8229 0.8245, 0.8276. Spot is 0.8307. Resistances are 0.8346, 0.8362, 0.8433 and 0.8446
The NZD/USD has attracted investors who had been pilling in expecting Yellen, in her first public testimony as new Federal Reserve chair, to deliver a rosier picture for the US and, to some extent, the world economy and positive impacts on the US. That wasn’t necessarily to be and instead we got a mixed bag and, if anything. a slightly more dovish note from her followed. Her statements caused some alarm in the words around a deteriorating outlook for the job market, with serious concerns over too-low inflation that could cause a shift in policy and a pause would be considered if notable change in the outlook. Meanwhile, New Zealand Card Retail Sales were disappointing at -0.5% vs 0.6% previous on the month.
NZD/USD Levels
The 20 DMA is 0.8255, the 50 DMA is 0.8246and the 200 DMA is 0.8130. RSI (14) reads 41.51. Supports are ascending from 0.8210, 0.8229 0.8245, 0.8276. Spot is 0.8307. Resistances are 0.8346, 0.8362, 0.8433 and 0.8446