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12 Mar 2014
Kiwi’s wings are clipped by anti-risk sentiments
FXStreet (Moscow) - NZD/USD touched the intraday lows at 0.8447 on the back of general anti-risk sentiments, but managed to rebound to current levels of 0.8469.
Kiwi is waiting for RBNZ
Kiwi has made another attempt at 0.8500, but failed again, though the NZD/USD still managed to finish the day nearly unchanged at 0.8470. Lower tops on the hourly chart signals that the upside move is over and the pair may extend its intraday range to the downside. There are no interesting publications scheduled for today, both European and American sessions are going to be pretty quiet form the fundamental point of view. So NZD/USD will be left at the mercy of technical factors and speculations. The key event for NZD is the RBNZ monetary policy decision. According to the forecasts the central bank may raise its official rate, so most investors are sitting on the fence waiting for this risk event. On the intraday basis keep an eye at 0.8447 (Asian low) on the downside. Once it is firmly broken, the pair may go lower to 0.8420. On the upside the key resistance is still 0.8500.
What are today’s key NZD/USD levels?
Today's central pivot point can be found at 0.8479, with support below at 0.8451, 0.8432 and 0.8404, with resistance above at 0.8498, 0.8526 and 0.8545. Hourly Moving Averages are bearish, with the 200SMA at 0.8471 and the daily 20EMA at 0.8376. Hourly RSI is neutral at 46.
Kiwi is waiting for RBNZ
Kiwi has made another attempt at 0.8500, but failed again, though the NZD/USD still managed to finish the day nearly unchanged at 0.8470. Lower tops on the hourly chart signals that the upside move is over and the pair may extend its intraday range to the downside. There are no interesting publications scheduled for today, both European and American sessions are going to be pretty quiet form the fundamental point of view. So NZD/USD will be left at the mercy of technical factors and speculations. The key event for NZD is the RBNZ monetary policy decision. According to the forecasts the central bank may raise its official rate, so most investors are sitting on the fence waiting for this risk event. On the intraday basis keep an eye at 0.8447 (Asian low) on the downside. Once it is firmly broken, the pair may go lower to 0.8420. On the upside the key resistance is still 0.8500.
What are today’s key NZD/USD levels?
Today's central pivot point can be found at 0.8479, with support below at 0.8451, 0.8432 and 0.8404, with resistance above at 0.8498, 0.8526 and 0.8545. Hourly Moving Averages are bearish, with the 200SMA at 0.8471 and the daily 20EMA at 0.8376. Hourly RSI is neutral at 46.