Back
26 Aug 2013
NZD/USD, +0.64%...long way ahead
FXstreet.com (Chicago) - NZD/USD is the best performer so far today up 0.64% against the greenback in relative performance terms. After dipping 285 pips this month, the kiwi has a long road ahead.
No Tapering after all?
Market participants seemed to have reacted to US data published earlier this morning indicating the economy may still need Fed’s monetary stimulus as it is. Durable goods orders fell to -7.3% vs. expected -3.0% and previous 3.9% similarly to durable goods orders ex transportation at -0.6% vs. expected 0.6% and previous 0.1%.
NZD/USD Technical Levels
Technically speaking, the pair trades at 0.7848 between supports at 0.7820 (August 22nd highs), 0.7796 (August 7th lows) ahead of 0.7777 (July 10th lows) and resistances at 0.7847 (August 22nd highs), 0.7879 (July 11th highs) followed by 0.7916 (August 6th highs). According to the FXstreet.com trend index, the pair is strongly bullish on one-hour timeframe analysis and is offered above the EMA20.
No Tapering after all?
Market participants seemed to have reacted to US data published earlier this morning indicating the economy may still need Fed’s monetary stimulus as it is. Durable goods orders fell to -7.3% vs. expected -3.0% and previous 3.9% similarly to durable goods orders ex transportation at -0.6% vs. expected 0.6% and previous 0.1%.
NZD/USD Technical Levels
Technically speaking, the pair trades at 0.7848 between supports at 0.7820 (August 22nd highs), 0.7796 (August 7th lows) ahead of 0.7777 (July 10th lows) and resistances at 0.7847 (August 22nd highs), 0.7879 (July 11th highs) followed by 0.7916 (August 6th highs). According to the FXstreet.com trend index, the pair is strongly bullish on one-hour timeframe analysis and is offered above the EMA20.