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3 Nov 2013
NZD/USD keeps pressure on 0.82, buyers resist so far
FXstreet.com (Barcelona) - NZD/USD is exchanging hands at 0.8445 along inter-bank trading, with the pair still retaining an overall bearish sentiment intra-day, yet sellers are finding it difficult to penetrate formidable support zone at 0.82.
RBNZ keeps reminds its hawkish intentions
Late on Friday, RBNZ Governor Wheeler said the Central Bank may raise its interest rate 200 basis points by end of 2015, reminding market participants the current hawkish policy stance as the country fights a housing bubble.
NZD/USD technicals
Technically speaking, the area of support at 0.82 remains key, with plenty of buying interest emerging as indicated the six times the level was rejected since first tested on Sept 25 - following the price surge above it -. A break below opens up 0.8150/60 support - August 19 peak - ahead of round number 0.81 - July 26 peak -, while on the upside, selling pressure is not seen easing until 0.83 is regained first, followed by a close and hold above 0.8340/50 - series of high early Oct -.
RBNZ keeps reminds its hawkish intentions
Late on Friday, RBNZ Governor Wheeler said the Central Bank may raise its interest rate 200 basis points by end of 2015, reminding market participants the current hawkish policy stance as the country fights a housing bubble.
NZD/USD technicals
Technically speaking, the area of support at 0.82 remains key, with plenty of buying interest emerging as indicated the six times the level was rejected since first tested on Sept 25 - following the price surge above it -. A break below opens up 0.8150/60 support - August 19 peak - ahead of round number 0.81 - July 26 peak -, while on the upside, selling pressure is not seen easing until 0.83 is regained first, followed by a close and hold above 0.8340/50 - series of high early Oct -.