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4 Mar 2014
Kiwi is locked in a narrow range
FXStreet (Moscow) - NZD/USD is moving within a narrow 30-pips range on Tuesday morning after opening at 0.8363 as the traders cannot decide where to go.
Kiwi traders need to get thoughts together
NZD/USD finished the day mostly unchanged. The pair opened with у bearish gap on Monday and it is still to be closed. It means that there is a scope for short-term upside correction. The pair has been rather quiet lately, despite the geopolitical tensions and troubling Chinese macro data, but the situation may change any time. There are no Kiwi-important reports to be published during European or US session, so NZD/USD will follow where the general market sentiments lead. The US Dollar upside may gain traction due to Russian-Ukrainian conflict escalation. From the technical point of view the nearest resistance is seen at 0.8378. It is followed by 0.8400. The support comes at 0.8340. Once broken. the downside will accelerate to 0.8300.
What are today’s key NZD/USD levels?
Today's central pivot point can be found at 0.8364, with support below at 0.8341, 0.8320 and 0.8297, with resistance above at 0.8485, 0.8408 and 0.8429. Hourly Moving Averages are mixed, with the 200SMA at 0.8328 and the daily 20EMA at 0.8313. Hourly RSI is neutral at 46
Kiwi traders need to get thoughts together
NZD/USD finished the day mostly unchanged. The pair opened with у bearish gap on Monday and it is still to be closed. It means that there is a scope for short-term upside correction. The pair has been rather quiet lately, despite the geopolitical tensions and troubling Chinese macro data, but the situation may change any time. There are no Kiwi-important reports to be published during European or US session, so NZD/USD will follow where the general market sentiments lead. The US Dollar upside may gain traction due to Russian-Ukrainian conflict escalation. From the technical point of view the nearest resistance is seen at 0.8378. It is followed by 0.8400. The support comes at 0.8340. Once broken. the downside will accelerate to 0.8300.
What are today’s key NZD/USD levels?
Today's central pivot point can be found at 0.8364, with support below at 0.8341, 0.8320 and 0.8297, with resistance above at 0.8485, 0.8408 and 0.8429. Hourly Moving Averages are mixed, with the 200SMA at 0.8328 and the daily 20EMA at 0.8313. Hourly RSI is neutral at 46