14 Jul 2014
Kiwi flies high in the sky
FXStreet (Moscow) - NZD/USD ibuls try to take a revenge and get the pair back to the year high at 0.8829; they managed 0.8822 so far.
Still above 0.88
It’s a quiet session for Kiwi, just as for most of the currencies as the fundamental calendar is next to empty, while markets are still impressed by long World Cup 2014 final game. Later during the day NZD/USD is going to continue its rangebound ways, as long as 0.8800 support is kept intact. The bears might be weary of pushing the cross much lower ahead of Yellen’s testimony scheduled on Tuesday. The intraday upside is likely to be limited by 0.8828 - this year high set during the previous week.
What price levels and patterns have to be considered?
Spot is presently trading at 0.8818, and next resistance can be seen at 0.8823 (Monthly High), 0.8823 (Weekly High), 0.8823 (Annual High), 0.8823 (3 Year High) and 0.8823 (5 Year High).
Next support to the downside can be found at 0.8816 (Daily Classic PP), 0.8815 (Hourly 20 EMA), 0.8814 (Daily Open), 0.8808 (Daily Low) and 0.8803 (Hourly 100 SMA).
Looking at price patterns, we can see a Doji 1-hour candlestick formation.
Still above 0.88
It’s a quiet session for Kiwi, just as for most of the currencies as the fundamental calendar is next to empty, while markets are still impressed by long World Cup 2014 final game. Later during the day NZD/USD is going to continue its rangebound ways, as long as 0.8800 support is kept intact. The bears might be weary of pushing the cross much lower ahead of Yellen’s testimony scheduled on Tuesday. The intraday upside is likely to be limited by 0.8828 - this year high set during the previous week.
What price levels and patterns have to be considered?
Spot is presently trading at 0.8818, and next resistance can be seen at 0.8823 (Monthly High), 0.8823 (Weekly High), 0.8823 (Annual High), 0.8823 (3 Year High) and 0.8823 (5 Year High).
Next support to the downside can be found at 0.8816 (Daily Classic PP), 0.8815 (Hourly 20 EMA), 0.8814 (Daily Open), 0.8808 (Daily Low) and 0.8803 (Hourly 100 SMA).
Looking at price patterns, we can see a Doji 1-hour candlestick formation.