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14 Aug 2013
NZD/USD resuming upside
FXstreet.com (Barcelona) - NZD/USD continued to rise away from the lows of NA mid morning session below 0.7940 to score a high of 0.7990 overnight.
NZD/USD ducked away from the highs and dipped just below 0.7960 before resuming the upside again and has been handed over to European markets in the 0.7980 territory again.Data wise, “Real retail sales rose by +1.7%/qtr in the June qtr: against a consensus of 1.5%. Even more encouraging, said Alvin Pontoh, FX & Rates Strategy at TD Securities, was the original Mar qtr increase of +0.5%/qtr was revised up to +0.9%/qtr. “Annual sales were 4.2%/yr, the highest in a year. The increases were broad-based: 12 of the 15 categories contributed to growth. Meanwhile, NZD offshore bond holdings eased to 67.9% in July from 68.2% in June”.
NZD/USD off lows
NZD/USD is attempting the upside again, with the 20 dma coming in at 0.7966, 50 dma 0.7900 and 200 dma at 0.8214. RSI reads (9) 54.29. Supports are ascending from 0.7823, 0.7884, 0.7919 and 0.7935. Spot is currently 0.7980. Resistances are 0.8007, 0.8059, 0.8105 and 0.8137.
NZD/USD ducked away from the highs and dipped just below 0.7960 before resuming the upside again and has been handed over to European markets in the 0.7980 territory again.Data wise, “Real retail sales rose by +1.7%/qtr in the June qtr: against a consensus of 1.5%. Even more encouraging, said Alvin Pontoh, FX & Rates Strategy at TD Securities, was the original Mar qtr increase of +0.5%/qtr was revised up to +0.9%/qtr. “Annual sales were 4.2%/yr, the highest in a year. The increases were broad-based: 12 of the 15 categories contributed to growth. Meanwhile, NZD offshore bond holdings eased to 67.9% in July from 68.2% in June”.
NZD/USD off lows
NZD/USD is attempting the upside again, with the 20 dma coming in at 0.7966, 50 dma 0.7900 and 200 dma at 0.8214. RSI reads (9) 54.29. Supports are ascending from 0.7823, 0.7884, 0.7919 and 0.7935. Spot is currently 0.7980. Resistances are 0.8007, 0.8059, 0.8105 and 0.8137.