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10 Jun 2014
NZD/USD rejected at 0.85 handle
FXStreet (Guatemala) - NZD/USD is trading at 0.8495, up 0.04% on the day, having posted a daily high at 0.8504 and low at 0.8491.
Sean Callow, analyst at Westpac Banking Corporation ABN noted that the NZ manufacturing volumes rose 0.6% q/q, a muted follow-up to the 6% surge in Q4. This poses mild downside risks to the Q1 GDP report on 19 June….”The US calendar should have little impact: the May NFIB small business survey and Apr wholesale sales & inventories. The Fed goes quiet ahead of next week's FOMC meeting”.
NZD/USD Levels
With spot trading at 0.8497, we can see next resistance ahead at 0.8499 (Hourly 20 EMA), 0.8501 (Weekly High), 0.8504 (Daily High), 0.8512 (Daily Classic PP) and 0.8529 (Daily 20 SMA). Support below can be found at 0.8494 (Daily Open), 0.8491 (Daily Low), 0.8486 (Weekly Classic PP), 0.8485 (Daily 100 SMA) and 0.8480 (Yesterday's Low).
Sean Callow, analyst at Westpac Banking Corporation ABN noted that the NZ manufacturing volumes rose 0.6% q/q, a muted follow-up to the 6% surge in Q4. This poses mild downside risks to the Q1 GDP report on 19 June….”The US calendar should have little impact: the May NFIB small business survey and Apr wholesale sales & inventories. The Fed goes quiet ahead of next week's FOMC meeting”.
NZD/USD Levels
With spot trading at 0.8497, we can see next resistance ahead at 0.8499 (Hourly 20 EMA), 0.8501 (Weekly High), 0.8504 (Daily High), 0.8512 (Daily Classic PP) and 0.8529 (Daily 20 SMA). Support below can be found at 0.8494 (Daily Open), 0.8491 (Daily Low), 0.8486 (Weekly Classic PP), 0.8485 (Daily 100 SMA) and 0.8480 (Yesterday's Low).