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Forex pairs in this Article » EUR/USD (London) - NZD/USD is struggling on 0.83 and is challenging the support sub the handle in 0.8390’s.

There is little on the agenda currently but we have the RBNZ coming up tomorrow and price action will no doubt be subject to the wise words coming in that meeting. For the USD, they said, “Later in the week is Thursday’s retail sales report (which we expect to show moderate consumer spending in November) and on going budget negotiations, with the budget committee’s recommendation to Congress due by Friday”.

NZD/USD Levels

The 20 DMA is 0.8234, the 50 DMA is 0.8295 and the 200 DMA is 0.8165. RSI (14) reads 55.15. Supports are ascending from 0.8209, 0.8220, 0.8246, 0.8258 and 0.8296. Spot is 0.8299 while resistances are 0.8321, 0.8331, 0.8368 and 0.8397.
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