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Forex pairs in this Article » EUR/USD
FXStreet (Moscow) - NZD/USD returned to the support level of 0.8200 after a good run to the intraday high of 0.8260.

NZD/USD tries hard to stay above 0.8200

NZD/USD was a big mover and one of the best performers yesterday as the cross gained more than 100 pips and closed above the key level of 0.8200 following first the RBA monetary policy decision that had a knock on effect on the pair, and then dovish US FED officers comments. Today New Zealand published strong labor market numbers that may provoke the RBNZ rate hike as early as in March. This speculations helped NZD/USD reach the intraday highs at 0.8260, but the movement was not sustained due to general anit-risk sentiments that gripped the market after Pimco’s Gross comments about negative China influence on the global financial system. The currency pair has stalled at 0.8200. Should it be broken the downside will accelerate to 200 day moving average at 0.8136. The upside is likely to be capped by today’s high at 0.8260 intensified by 21 day moving average (0.8257)

What are today’s key NZD/USD levels?

Today's central pivot point can be found at 0.8162, with support below at 0.8097, 0.7986 and 0.7921, with resistance above at 0.8273, 0.8338 and 0.8449. Hourly Moving Averages are mixed, with the 200SMA at 0.8204 and the daily 20EMA at 0.8225. Hourly RSI is neutral at 60.
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