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19 Dec 2013
NZD/USD hovering around 0.8200 after New Zealand data
FXstreet.com (Córdoba) - The NZD/USD is attempting to hold above the 0.8200 mark after trade and GDP data from New Zealand and the FOMC statement. The Kiwi initially rose to 0.8250 after GDP data but failed to hold and retreated reaching levels under 0.8200.
Price found support at 0.8185 and bounced back up. Currently trades at 0.8210, 0.04% below today's opening price following the release of the trade report that showed a surplus of NZ$183.0 mln, having little impact on the Kiwi.
Technical outlook for NZD/USD
According to Jim Langlands, from FX Charts, below 0.8200, NZD/USD would head toward 0.8183, ahead of Wednesday's low 0.8170 and 0.8165, “where the 100/200 DMA’s have crossed and will again be good support”. “On the topside, 0.8300 and then 0.8330 will see good selling interest, above which could see a run back towards 0.8360 and possibly to the 6 Nov 0.8414 high”, Langlands added.
Price found support at 0.8185 and bounced back up. Currently trades at 0.8210, 0.04% below today's opening price following the release of the trade report that showed a surplus of NZ$183.0 mln, having little impact on the Kiwi.
Technical outlook for NZD/USD
According to Jim Langlands, from FX Charts, below 0.8200, NZD/USD would head toward 0.8183, ahead of Wednesday's low 0.8170 and 0.8165, “where the 100/200 DMA’s have crossed and will again be good support”. “On the topside, 0.8300 and then 0.8330 will see good selling interest, above which could see a run back towards 0.8360 and possibly to the 6 Nov 0.8414 high”, Langlands added.