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19 Sep 2013
NZD/USD ducking away from highs
FXstreet.com (London) - NZD/USD has reached a high of 0.8438 before dipping back below the figure into 0.8380 territory.
Research teams at TD Securities said, “A lot of the biggest movers over the past week have been driven by the Fed’s decision not to taper with US 2 year yields moving over 2.5 standard deviations. Both the NZ stock market and NZD were among the top performers this week as we received some decent GDP and current account data and NZD assets gained due to their high beta status".
NZD/USD levels
The 20 DMA is .7959, the 50 DMA is .7957 and the 200 DMA is .8182. RSI (14) reads 60.40. Supports are ascending from .8160, .8200, .8249 and .8327. Spot is currently .8371 while resistances are coming in at .8406, .8419 .8449, .8485 and .8524.
Research teams at TD Securities said, “A lot of the biggest movers over the past week have been driven by the Fed’s decision not to taper with US 2 year yields moving over 2.5 standard deviations. Both the NZ stock market and NZD were among the top performers this week as we received some decent GDP and current account data and NZD assets gained due to their high beta status".
NZD/USD levels
The 20 DMA is .7959, the 50 DMA is .7957 and the 200 DMA is .8182. RSI (14) reads 60.40. Supports are ascending from .8160, .8200, .8249 and .8327. Spot is currently .8371 while resistances are coming in at .8406, .8419 .8449, .8485 and .8524.