3 Jan 2014
NZD/USD 80 pips up on Asia session
FXstreet.com (London) - NZD/USD is over 80 pips higher on the Asian session as traders look to hand over to the European open.
NZD/USD had started the trading day in Asia lower after dropping back through the 0.8200 handle when the US data in the manufacturing sector put some optimism into markets ahead of the next FOMC meeting. The Fed is widely expected to continue with its tapering programme at forthcoming FOMC meetings. Stops were the theme of the trading session in Asia with both the AUD and NZD breaking out of channel resistances. The day ahead in Europe and the US sees very little other than Bernanke speaking, with markets attention turning to hear whether there might be anything new in the tone from the Fed.
NZD/USD Levels
The 20 DMA is 0.8226, the 50 DMA is 0.8249 and the 200 DMA is 0.8160. RSI (14) reads 67.85. Supports are 0.8084, 0.8119, 0.8167 and 0.8182. Spot is currently 0.8244 while resistances are 0.8250, 0.8290, 0.8320 and 0.8336.
NZD/USD had started the trading day in Asia lower after dropping back through the 0.8200 handle when the US data in the manufacturing sector put some optimism into markets ahead of the next FOMC meeting. The Fed is widely expected to continue with its tapering programme at forthcoming FOMC meetings. Stops were the theme of the trading session in Asia with both the AUD and NZD breaking out of channel resistances. The day ahead in Europe and the US sees very little other than Bernanke speaking, with markets attention turning to hear whether there might be anything new in the tone from the Fed.
NZD/USD Levels
The 20 DMA is 0.8226, the 50 DMA is 0.8249 and the 200 DMA is 0.8160. RSI (14) reads 67.85. Supports are 0.8084, 0.8119, 0.8167 and 0.8182. Spot is currently 0.8244 while resistances are 0.8250, 0.8290, 0.8320 and 0.8336.