25 Mar 2014
NZD/USD remains capped at 0.8570
FXStreet (Barcelona) - With NZD/USD making a daily high and low at 0.8569 and 0.8539 respectively, spot is currently trading at 0.8550, up 0.10% on the day so far
Is NZD/USD bullish?
NZD/USD spot is in neutral territory according to the hourly FXStreet OB/OS Index, while the FXStreet Trend Index is strongly bullish. At the time of writing, RSI is neutral at 46.33, down from 52.46 at the last hour close, while ADX is ranging at 16.52, up from 15.42 previous. RSI is neutral at 62.44, according to the daily chart.
Looking to momentum indicators, the hourly 200 SMA is currently at 0.8544, down from the last close at 0.8558 and declining. The NZD/USD exponential closing price for the past 20 days is 0.8480, and trending higher. 2-Standard Deviation Volatility Bandwidth is presently at 32 pips and shrinking on the hourly NZD/USD chart, while the ATR (14) is currently at 7 pips. Viewing a daily NZD/USD chart, 2-Standard Deviation Volatility Bandwidth is shrinking at 349 pips.
NZD/USD levels ahead
Resistance can be found ahead of spot at 0.8550, starting at 0.8560 (Weekly Classic PP), 0.8568 (Daily Classic R1), 0.8568 (Yesterday's High), 0.8569 (Daily High), and 0.8595 (Daily Classic R2). Support below can be found at 0.8546 (Daily Open), 0.8542 (Daily Classic PP), , 0.8539 (Daily Low), 0.8531 (Weekly Low) and 0.8515 (Daily Classic S1).
Is NZD/USD bullish?
NZD/USD spot is in neutral territory according to the hourly FXStreet OB/OS Index, while the FXStreet Trend Index is strongly bullish. At the time of writing, RSI is neutral at 46.33, down from 52.46 at the last hour close, while ADX is ranging at 16.52, up from 15.42 previous. RSI is neutral at 62.44, according to the daily chart.
Looking to momentum indicators, the hourly 200 SMA is currently at 0.8544, down from the last close at 0.8558 and declining. The NZD/USD exponential closing price for the past 20 days is 0.8480, and trending higher. 2-Standard Deviation Volatility Bandwidth is presently at 32 pips and shrinking on the hourly NZD/USD chart, while the ATR (14) is currently at 7 pips. Viewing a daily NZD/USD chart, 2-Standard Deviation Volatility Bandwidth is shrinking at 349 pips.
NZD/USD levels ahead
Resistance can be found ahead of spot at 0.8550, starting at 0.8560 (Weekly Classic PP), 0.8568 (Daily Classic R1), 0.8568 (Yesterday's High), 0.8569 (Daily High), and 0.8595 (Daily Classic R2). Support below can be found at 0.8546 (Daily Open), 0.8542 (Daily Classic PP), , 0.8539 (Daily Low), 0.8531 (Weekly Low) and 0.8515 (Daily Classic S1).