Back
4 Jul 2014
NZD/USD broke below 0.8740 support
Currently, NZD/USD is trading at 0.8737, down -0.19% on the day, having posted a daily high at 0.8758 and low at 0.8730.
Kiwi is down under
New Zealand currency is still under pressure, as USD regained its popularity, and may continue its rise near-term provided positive American data is in store. Better than expected US Labor data revived the hopes for stronger recovery in the second half of the year, and if the hopes are proved by real reports, we may see another move lower with initial target at 0.8720.
What are today’s key NZD/USD levels?
Current price is 0.8737, with resistance ahead at 0.8744 (Weekly Classic PP), 0.8747 (Hourly 200 SMA), 0.8749 (Hourly 20 EMA), 0.8750 (Daily Classic PP) and 0.8753 (Daily Open).
Next support to the downside can be found at 0.8730 (Daily Low), 0.8721 (Daily Classic S1), 0.8717 (Yesterday's Low), 0.8696 (Daily 20 SMA) and 0.8694 (Weekly Classic S1).
Kiwi is down under
New Zealand currency is still under pressure, as USD regained its popularity, and may continue its rise near-term provided positive American data is in store. Better than expected US Labor data revived the hopes for stronger recovery in the second half of the year, and if the hopes are proved by real reports, we may see another move lower with initial target at 0.8720.
What are today’s key NZD/USD levels?
Current price is 0.8737, with resistance ahead at 0.8744 (Weekly Classic PP), 0.8747 (Hourly 200 SMA), 0.8749 (Hourly 20 EMA), 0.8750 (Daily Classic PP) and 0.8753 (Daily Open).
Next support to the downside can be found at 0.8730 (Daily Low), 0.8721 (Daily Classic S1), 0.8717 (Yesterday's Low), 0.8696 (Daily 20 SMA) and 0.8694 (Weekly Classic S1).