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8 Aug 2014
NZD/USD edging lower into mid 0.84 handle
FXStreet (Guatemala) - NZD/USD is trading at 0.8454, down -0.24% on the day, having posted a daily high at 0.8479 and low at 0.8452.
NZD/USD is sinking towards the mid point of the handle while it is reading in oversold territory according to the hourly FXStreet OB/OS Index. RSI is in neutral territory at 34.90, down from it’s last hourly close at 38.22, while ADX is trending above 30 at 39.30, up from 23.87 at the last hourly close. Looking to a daily chart, we see that RSI is neutral at 31.48. There are no data releases for this pair although we may see ripples with key events from Australia coming up.
NZD/USD Levels
With spot trading at 0.8454, we can see next resistance ahead at 0.8458 (Daily 200 SMA), and 0.8467. Support below can be found at 0.8452 (Low), 0.8438 (Daily Classic S1), 0.8411 (Weekly Classic S2) and 0.8398 (Daily Classic S2).
NZD/USD is sinking towards the mid point of the handle while it is reading in oversold territory according to the hourly FXStreet OB/OS Index. RSI is in neutral territory at 34.90, down from it’s last hourly close at 38.22, while ADX is trending above 30 at 39.30, up from 23.87 at the last hourly close. Looking to a daily chart, we see that RSI is neutral at 31.48. There are no data releases for this pair although we may see ripples with key events from Australia coming up.
NZD/USD Levels
With spot trading at 0.8454, we can see next resistance ahead at 0.8458 (Daily 200 SMA), and 0.8467. Support below can be found at 0.8452 (Low), 0.8438 (Daily Classic S1), 0.8411 (Weekly Classic S2) and 0.8398 (Daily Classic S2).