19 Dec 2014
Gains in NZD/USD halted after card spending data
FXStreet (Mumbai) - The Kiwi trades higher against the Greenback today, although gains have been halted after the data in New Zealand showed a drop in Credit card spending.
The NZD/USD pair currently trades 0.26% higher at 0.7782 levels. The pair has consolidated around the current levels in the last hour after the official data in New Zeland showed credit card spending increased 0.3% month-on-month in November, down from an upwardly revised print of 1.5% in October. Earlier today, the Business Confidence index also printed lower at 30.4 in December, from 31.5 in November.
NZD/USD Technical Levels
The pair has an immediate resistance located at 0.7789, above which gains could be extended to 0.7828 (50-DMA). Meanwhile, support is seen at 0.7751 and 0.7734 levels.
The NZD/USD pair currently trades 0.26% higher at 0.7782 levels. The pair has consolidated around the current levels in the last hour after the official data in New Zeland showed credit card spending increased 0.3% month-on-month in November, down from an upwardly revised print of 1.5% in October. Earlier today, the Business Confidence index also printed lower at 30.4 in December, from 31.5 in November.
NZD/USD Technical Levels
The pair has an immediate resistance located at 0.7789, above which gains could be extended to 0.7828 (50-DMA). Meanwhile, support is seen at 0.7751 and 0.7734 levels.