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30 Jul 2014
NZD/USD’s U-turn back towards the 0.85 handle
FXStreet (Guatemala) - NZD/USD is trading at 0.8495, down -0.09% on the day, having posted a daily high at 0.8517 and low at 0.8462.
NZD/USD has been on offer with the rally in the greenback post the US GDP surprise to the upside but has the Us dollar gave back most of its gains on the FOMC with a surprise statement within the statement along the lines of there being a “Significant underutilisation of labour forces”. The Fed left rates on hold and stuck to their reduction in monthly treasury bond purchases by a continued $25b.
NZD/USD Levels
With spot trading at 0.8494, we can see next resistance ahead at 0.8497 (Hourly 20 EMA), 0.8504 (Monthly Low) and 0.8505 (Daily Open). Support below can be found at 0.8488 (Weekly Classic S1), 0.8479 (Daily Classic S1), 0.8462 (Daily Low), 0.8455 (Daily Classic S2) and 0.8452 (Daily 200 SMA).
NZD/USD has been on offer with the rally in the greenback post the US GDP surprise to the upside but has the Us dollar gave back most of its gains on the FOMC with a surprise statement within the statement along the lines of there being a “Significant underutilisation of labour forces”. The Fed left rates on hold and stuck to their reduction in monthly treasury bond purchases by a continued $25b.
NZD/USD Levels
With spot trading at 0.8494, we can see next resistance ahead at 0.8497 (Hourly 20 EMA), 0.8504 (Monthly Low) and 0.8505 (Daily Open). Support below can be found at 0.8488 (Weekly Classic S1), 0.8479 (Daily Classic S1), 0.8462 (Daily Low), 0.8455 (Daily Classic S2) and 0.8452 (Daily 200 SMA).