28 May 2014
NZD/USD is under pressure, key support is under attack
FXStreet (Moscow) - NZD/USD started the day at 0.8563, but slid to current lows of 0.8554 during quiet Asian hours
Indecision is the word
On daily basis Kiwi continues consolidating around strong support of 0.8540/50. The pair has tried to break below the above said level a number of times, but the attempts were not successful. On Tuesday NZD/USD managed to climb to intraday high of 0.8582, where new sellers joint the game and pushed it back to the support. This technical dancing around important levels might continue today, as there is nothing that might serve as a strong fundamental trigger. Keep any eye at 0.8540/50 support and 0.8580 resistance.
What are today’s key NZD/USD levels?
Today's central pivot point can be found at 0.8558, with support below at 0.8534, 0.8505 and 0.8481, with resistance above at 0.8587, 0.8611 and 0.8640 Hourly Moving Averages are bearish, with the 200SMA at 0.8583 and the daily 20EMA at 0.8699. Hourly RSI is bearish at 47.
Indecision is the word
On daily basis Kiwi continues consolidating around strong support of 0.8540/50. The pair has tried to break below the above said level a number of times, but the attempts were not successful. On Tuesday NZD/USD managed to climb to intraday high of 0.8582, where new sellers joint the game and pushed it back to the support. This technical dancing around important levels might continue today, as there is nothing that might serve as a strong fundamental trigger. Keep any eye at 0.8540/50 support and 0.8580 resistance.
What are today’s key NZD/USD levels?
Today's central pivot point can be found at 0.8558, with support below at 0.8534, 0.8505 and 0.8481, with resistance above at 0.8587, 0.8611 and 0.8640 Hourly Moving Averages are bearish, with the 200SMA at 0.8583 and the daily 20EMA at 0.8699. Hourly RSI is bearish at 47.