30 Oct 2013
NZD/USD soars to 0.8288 highs
FXstreet.com (Chicago) - NZD/USD advanced to the 0.8288 front shortly after the release of the NZ interest rate short-term results.
The RBNZ decided to maintain its interest rate at 2.5%, matching expectations. Building permits will be release later on. In the US, the Fed also released its interest rate at 0.25% with the bond-buying program still at $40 billion.
NZD/USD Technical Levels
Technically speaking, the pair is offered at 0.8270 and oscillates between the supports aligned at 0.8215 (September 24th lows), 0.8150 (September 12th highs) ahead of 0.8056 (August 8th highs) while the upside prints resistances at 0.8267 (October 4th lows), 0.8338 (October 4th highs) ahead of 0.84 (October 11th highs). According to the FXstreet.com trend index, the pair is strongly bearish on one-hour timeframe analysis below the EMA20.
The RBNZ decided to maintain its interest rate at 2.5%, matching expectations. Building permits will be release later on. In the US, the Fed also released its interest rate at 0.25% with the bond-buying program still at $40 billion.
NZD/USD Technical Levels
Technically speaking, the pair is offered at 0.8270 and oscillates between the supports aligned at 0.8215 (September 24th lows), 0.8150 (September 12th highs) ahead of 0.8056 (August 8th highs) while the upside prints resistances at 0.8267 (October 4th lows), 0.8338 (October 4th highs) ahead of 0.84 (October 11th highs). According to the FXstreet.com trend index, the pair is strongly bearish on one-hour timeframe analysis below the EMA20.