Forex: NZD/USD trading at 0.8389/90 after failed attempt at 0.8400
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NZD/USD
FXstreet.com (Barcelona) - The NZDUSD has sprung forward during European trading Wednesday, buoyed by risk appetite across the board. After briefly touching the 0.8400 level, incidentally the session high and calculated resistance, the pair has eased slightly towards 0.8389/90, whereby recording a +0.28% gain on the day.
Later tonight at 21:45 GMT, investors will be greeted by myriad NZ economic indicators, including the imports, exports, and trade balance statistics for the November quarter.
According to Research Analyst Gareth Berry at UBS, "Our NZ economist does not expect an RBNZ rate hike until June, but we see some scope for Governor Wheeler to express concern about rapidly rising house prices - comments, which if they materialize would likely be NZD supportive."
Briefing the technical levels, the technical team at Mataf.net calculates the next resistances to trigger at 0.8401, onto 0.8421, and ultimately 0.8455. Should its fortunes reverse today, the NZDUSD is slated to face short-term calculated support at 0.8347, then 0.8313, and finally 0.8293.
Later tonight at 21:45 GMT, investors will be greeted by myriad NZ economic indicators, including the imports, exports, and trade balance statistics for the November quarter.
According to Research Analyst Gareth Berry at UBS, "Our NZ economist does not expect an RBNZ rate hike until June, but we see some scope for Governor Wheeler to express concern about rapidly rising house prices - comments, which if they materialize would likely be NZD supportive."
Briefing the technical levels, the technical team at Mataf.net calculates the next resistances to trigger at 0.8401, onto 0.8421, and ultimately 0.8455. Should its fortunes reverse today, the NZDUSD is slated to face short-term calculated support at 0.8347, then 0.8313, and finally 0.8293.
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