24 Mar 2014
NZD/USD pushing higher into US session
FXStreet (Barcelona) - Currently, NZD/USD is trading at 0.8545, up 0.10% on the day, having posted a daily high at 0.8563 and low at 0.8515.
Despite declining overnight following softer than expected Chinese HSBC Manufacturing PMI data, NZD/USD has remained stable, and finding support around the daily low of 0.8515. Looking ahead, US Markit Manufacturing PMI is due in a few minutes, and estimated to decline MoM.
NZD/USD Technicals
The hourly FXStreet OB/OS Index is showing neutral conditions, alongside the FXStreet Trend Index which is slighty bullish. At the time of writing, RSI is neutral at 62.30, up from 54.98 at the last hour close, while ADX is ranging at 29.04, up from 13.15 previous. Meanwhile, daily RSI is in neutral territory at 61.96.
On the hourly NZD/USD chart, the 200 SMA is declining and currently at 0.8537, down from the previous hour close at 0.8549. On average, the exponential closing price for the past 20 days is 0.8473, with the trend indicating a continuation higher ahead.
What are today’s key NZD/USD levels?
Today, resistance can be seen at 0.8558 (R1), 0.8550-70 (Sell orders), 0.8574(R2), 0.8620 (Buy stops commence), 0.8603 (R3), and 0.8640-50 (Sell orders). Support sits below at 0.8529 (S1), 0.8515 (S2), 0.8490 (Sell Stops), 0.8485 (S3), and 0.8460-50 (Buy Orders).
Despite declining overnight following softer than expected Chinese HSBC Manufacturing PMI data, NZD/USD has remained stable, and finding support around the daily low of 0.8515. Looking ahead, US Markit Manufacturing PMI is due in a few minutes, and estimated to decline MoM.
NZD/USD Technicals
The hourly FXStreet OB/OS Index is showing neutral conditions, alongside the FXStreet Trend Index which is slighty bullish. At the time of writing, RSI is neutral at 62.30, up from 54.98 at the last hour close, while ADX is ranging at 29.04, up from 13.15 previous. Meanwhile, daily RSI is in neutral territory at 61.96.
On the hourly NZD/USD chart, the 200 SMA is declining and currently at 0.8537, down from the previous hour close at 0.8549. On average, the exponential closing price for the past 20 days is 0.8473, with the trend indicating a continuation higher ahead.
What are today’s key NZD/USD levels?
Today, resistance can be seen at 0.8558 (R1), 0.8550-70 (Sell orders), 0.8574(R2), 0.8620 (Buy stops commence), 0.8603 (R3), and 0.8640-50 (Sell orders). Support sits below at 0.8529 (S1), 0.8515 (S2), 0.8490 (Sell Stops), 0.8485 (S3), and 0.8460-50 (Buy Orders).