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20 Feb 2014
NZD/USD extending losses deeper into 0.82 handle
FXStreet (Guatemala) - NZD/USD lost the 0.83 handle post the FOMC minutes and a bullish statement coming from Fed’s Bullard. That coupled with worse than expected, albeit second tier, New Zealand data, the pair is extending its losses further into the 0.82 handle.
NZD/USD is extending losses that were as a result of upbeat Fed comments and accompanying minutes from the FOMC meeting which indicate that the economic outlook is good with also a few of the participants of the meeting considering the possibility of a rate rise soon. PPI out put and inputs for New Zealand read negatively vs both the consensus and previous QoQ.
NZD/USD Levels
The 20 DMA is 0.8257, the 50 DMA is 0.8255 and the 200 DMA is 0.8130. RSI (14) reads 29.90. Supports are ascending from 0.8187, 0.8210, 0.8223 and 0.8257. Spot is 0.8271, 0.8354, 0.8393, 0.8433 and 0.8446.
NZD/USD is extending losses that were as a result of upbeat Fed comments and accompanying minutes from the FOMC meeting which indicate that the economic outlook is good with also a few of the participants of the meeting considering the possibility of a rate rise soon. PPI out put and inputs for New Zealand read negatively vs both the consensus and previous QoQ.
NZD/USD Levels
The 20 DMA is 0.8257, the 50 DMA is 0.8255 and the 200 DMA is 0.8130. RSI (14) reads 29.90. Supports are ascending from 0.8187, 0.8210, 0.8223 and 0.8257. Spot is 0.8271, 0.8354, 0.8393, 0.8433 and 0.8446.