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17 Mar 2014
Kiwi keeps its head down in Asia
FXStreet (Moscow) - NZD/USD is very quite early in Asia as the pair barely moved away from its opening level of o.8536
Kiwi makes a nest in mid-0.8500 range
NZD/USD has stuck in mid-0.8500 range after a shy attempt to break above 0.8600 last week. From the longer-term perspectives bulls have good chances to push the pair to new maximums, but in the short-run the downside correction from the last week/s high may deepen. The Asian session is rather quiet, but the European traders may bring some excitement to the market, as investors will be reaction to Crimean referendum results and its possible outcomes. There are a couple of interesting macroeconomic reports scheduled on the NY session (US Industrial production and TIC flows), that have a potential to add volatility to Dollar pairs. Though, it is most likely that in the short-term NZD/USD continue to move within its current range, limited by 0.8570 on the upside, and 0.8520 on the downside.
What are today’s key NZD/USD levels?
Today's central pivot point can be found at 0.8541, with support below at 0.8517, 0.8500 and 0.8476, with resistance above at 0.8558, 0.8582 and 0.8599. Hourly Moving Averages are mixed, with the 200SMA at 0.8477 and the daily 20EMA at 0.8417. Hourly RSI is neutral at 48.
Kiwi makes a nest in mid-0.8500 range
NZD/USD has stuck in mid-0.8500 range after a shy attempt to break above 0.8600 last week. From the longer-term perspectives bulls have good chances to push the pair to new maximums, but in the short-run the downside correction from the last week/s high may deepen. The Asian session is rather quiet, but the European traders may bring some excitement to the market, as investors will be reaction to Crimean referendum results and its possible outcomes. There are a couple of interesting macroeconomic reports scheduled on the NY session (US Industrial production and TIC flows), that have a potential to add volatility to Dollar pairs. Though, it is most likely that in the short-term NZD/USD continue to move within its current range, limited by 0.8570 on the upside, and 0.8520 on the downside.
What are today’s key NZD/USD levels?
Today's central pivot point can be found at 0.8541, with support below at 0.8517, 0.8500 and 0.8476, with resistance above at 0.8558, 0.8582 and 0.8599. Hourly Moving Averages are mixed, with the 200SMA at 0.8477 and the daily 20EMA at 0.8417. Hourly RSI is neutral at 48.