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28 Mar 2014
NZD/USD swoops to challenge key support
FXStreet (Guatemala) - NZD/USD has started to tail off from the heights it had been flying over the last few sessions.
NZD/USD has moved in on 0.8650 towards the close of the week. From the calendar today, from the US, Core Personal Consumption Expenditure - Price Index (YoY) arrived 1.1% as expected before Personal Income (MoM) (Feb) was reading 0.3% vs 0.2% consensus, supporting the dollar.
NZD data ahead
Tim Davis, Vice President, Global Strategist, Rates and FX Research at TD Securities noted there will be updates on construction (Mon building permits) and confidence (Mon). “Both series are at elevated levels even if the occasional month prints a small fall”.
NZD/USD Levels
The 20 DMA is 0.8512, the 50 DMA is 0.8370 and the 200 DMA is 0.8188. RSI (14) reads 39.39. Supports are ascending from 0.8590, 0.8615 and 0.8641. Spot is 0.8652, 0.8690, 0.8733, 0.8785, 0.8800 and 0.8812.
NZD/USD has moved in on 0.8650 towards the close of the week. From the calendar today, from the US, Core Personal Consumption Expenditure - Price Index (YoY) arrived 1.1% as expected before Personal Income (MoM) (Feb) was reading 0.3% vs 0.2% consensus, supporting the dollar.
NZD data ahead
Tim Davis, Vice President, Global Strategist, Rates and FX Research at TD Securities noted there will be updates on construction (Mon building permits) and confidence (Mon). “Both series are at elevated levels even if the occasional month prints a small fall”.
NZD/USD Levels
The 20 DMA is 0.8512, the 50 DMA is 0.8370 and the 200 DMA is 0.8188. RSI (14) reads 39.39. Supports are ascending from 0.8590, 0.8615 and 0.8641. Spot is 0.8652, 0.8690, 0.8733, 0.8785, 0.8800 and 0.8812.