23 Jan 2014
NZD/USD taking a nose dive
FXstreet.com (Guatemala) - NZD/USD has been hit post the Chinese HSBC Manufacturing PMI (Jan) which was expected to slow further from 50.5 to just 50.3. The reading actually came in a great deal worse at 49.6 and as a result the bird took a nose dive into the 0.8960’s.
NZD/USD has been the victim of a stringer dollar of late and now it is suffering the blows from a contracting Chinese economy as well. The pair is currently oscillating in 0.8965/69 at the time of writing.
NZD/USD Levels
The 20 DMA is 0.8266, the 50 DMA is 0.8248 and the 200 DMA is 0.8148. RSI (14) reads 35.53. Supports are ascending from 0.8140, 0.8180, 0.8207 and 0.8250. Spot is currently 0.8269. Key resistances are 0.8300, 0.8315, 0.8342, 0.8362, 0.8433 and 0.8446.
NZD/USD has been the victim of a stringer dollar of late and now it is suffering the blows from a contracting Chinese economy as well. The pair is currently oscillating in 0.8965/69 at the time of writing.
NZD/USD Levels
The 20 DMA is 0.8266, the 50 DMA is 0.8248 and the 200 DMA is 0.8148. RSI (14) reads 35.53. Supports are ascending from 0.8140, 0.8180, 0.8207 and 0.8250. Spot is currently 0.8269. Key resistances are 0.8300, 0.8315, 0.8342, 0.8362, 0.8433 and 0.8446.