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13 Aug 2013
NZD/USD eyes 0.8000
FXstreet.com (Barcelona) - It has been another quiet Asian session with little happening across the Pacific currencies.
The NZD/USD has printed a high of 0.8014 over night and a low of 0.7971 had been recorded later into the overnight session. The pair has been handed over into the opening European hour at 0.7981 and eyes 0.8000. We will see have Retail sales (Q2) on Wednesday and on Thursday we will see the ANZ consumer confidence (Aug). Meanwhile, the US dollar will be in focus with a number of key data releases starting today with retail sales (Jul)
NZD/USD consolidated
In the meantime, the NZD/USD remains in consolidation mode, “the most likely catalyst for a break outside the 0.7685-0.8135 range being the Fed's decision on tapering,” according to research teams at TD Securities. The 20 dma is 0.7962, 50 dma 0.7901, and 200 dma comes as 0.8217. RSI (9) reads 61.74. Supports are ascending from 0.7884, 0.7919, 0.7935, and 0.7952. Spot is currently 0.7989 while resistances are 0.8059, 0.8105, 0.8137 and 0.8164.
The NZD/USD has printed a high of 0.8014 over night and a low of 0.7971 had been recorded later into the overnight session. The pair has been handed over into the opening European hour at 0.7981 and eyes 0.8000. We will see have Retail sales (Q2) on Wednesday and on Thursday we will see the ANZ consumer confidence (Aug). Meanwhile, the US dollar will be in focus with a number of key data releases starting today with retail sales (Jul)
NZD/USD consolidated
In the meantime, the NZD/USD remains in consolidation mode, “the most likely catalyst for a break outside the 0.7685-0.8135 range being the Fed's decision on tapering,” according to research teams at TD Securities. The 20 dma is 0.7962, 50 dma 0.7901, and 200 dma comes as 0.8217. RSI (9) reads 61.74. Supports are ascending from 0.7884, 0.7919, 0.7935, and 0.7952. Spot is currently 0.7989 while resistances are 0.8059, 0.8105, 0.8137 and 0.8164.