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17 Apr 2013
Forex: NZD/USD unchanged after NZ CPI in line with expectations
FXstreet.com (Barcelona) - Little change in Kiwi last at 0.8474 bids after NZ CPI came out in line with expectations at +0.4% q/q and +0.9% y/y.
The pair has dipped to fresh session lows at 0.8461 on the news but soon has recovered to where it was standing before the data came out. NZD/USD is down -1.1% so far for the week since Friday's close.
Immediate resistance to the upside for NZD/USD shows at yesterday's and Monday's London session highs 0.8510, followed by Friday's lows at 0.8543, and April 10 highs at 0.8590. To the downside, closest support lies at recent session and April 09 lows 0.8462, followed by April 04 highs at 0.8438, and yesterday's/April 05 lows at 0.8374.
The pair has dipped to fresh session lows at 0.8461 on the news but soon has recovered to where it was standing before the data came out. NZD/USD is down -1.1% so far for the week since Friday's close.
Immediate resistance to the upside for NZD/USD shows at yesterday's and Monday's London session highs 0.8510, followed by Friday's lows at 0.8543, and April 10 highs at 0.8590. To the downside, closest support lies at recent session and April 09 lows 0.8462, followed by April 04 highs at 0.8438, and yesterday's/April 05 lows at 0.8374.