10 Jul 2014
NZD/USD stalling at yearly highs
FXStreet (Guatemala) - NZD/USD is trading at 0.8820, down -0.02% on the day, having posted a daily high at 0.8826 and low at 0.8819.
The FOMC minutes were the highlight in the US session that took the bird onto stable ground on the 0.88 handle and to yearly highs. The minutes did nothing more than confirm that the Fed will be leaning towards October as an end for their QE programme, so long as the economy continues to perform at the current pace. Meanwhile, the FXStreet OB/OS Index is reflecting overbought hourly conditions, while the FXStreet Trend Index is slightly bullish. Currently RSI is at 66.58, down from the last hourly print at 66.83, with ADX at 19.50, up from its previous close at 12.99. Daily RSI sits at 64.42, in neutral territory.
NZD/USD Levels
Current price is 0.8822, with resistance ahead at 0.8823 (Daily Open), (Monthly High), (Weekly High), (Annual High) and (3 Year High). Next support to the downside can be found at 0.8819 (Daily Low), 0.8818 (Daily Classic R1), 0.8804 (Hourly 20 EMA), 0.8788 (YTD High) and 0.8784 (Weekly Classic R1).
The FOMC minutes were the highlight in the US session that took the bird onto stable ground on the 0.88 handle and to yearly highs. The minutes did nothing more than confirm that the Fed will be leaning towards October as an end for their QE programme, so long as the economy continues to perform at the current pace. Meanwhile, the FXStreet OB/OS Index is reflecting overbought hourly conditions, while the FXStreet Trend Index is slightly bullish. Currently RSI is at 66.58, down from the last hourly print at 66.83, with ADX at 19.50, up from its previous close at 12.99. Daily RSI sits at 64.42, in neutral territory.
NZD/USD Levels
Current price is 0.8822, with resistance ahead at 0.8823 (Daily Open), (Monthly High), (Weekly High), (Annual High) and (3 Year High). Next support to the downside can be found at 0.8819 (Daily Low), 0.8818 (Daily Classic R1), 0.8804 (Hourly 20 EMA), 0.8788 (YTD High) and 0.8784 (Weekly Classic R1).