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6 Aug 2014
NZD/USD: pressures are mounting
FXStreet (Guatemala) - NZD/USD is trading at 0.8438, down -0.34% on the day, having posted a daily high at 0.8475 and low at 0.8429.
NZD/USD has dropped below the 200 DMA and we are getting readings now in from the Q2 unemployment report. This number came in at rate 5.6% vs 5.8% that was expected. This number will also be integral to t a weaker bird, on top of the broader based rally in the USD of late and the pressures from of lower prices in the global dairy auctions.
NZD/USD Levels
Current price is 0.8438, with resistance ahead at 0.8456 (Daily 200 SMA). Next support to the downside can be found at 0.8429 (Daily Low), 0.8411 (Weekly Classic S2), 0.8360 (Weekly Classic S3), 0.8082 (YTD Low) and 0.7723 (Annual Low).
NZD/USD has dropped below the 200 DMA and we are getting readings now in from the Q2 unemployment report. This number came in at rate 5.6% vs 5.8% that was expected. This number will also be integral to t a weaker bird, on top of the broader based rally in the USD of late and the pressures from of lower prices in the global dairy auctions.
NZD/USD Levels
Current price is 0.8438, with resistance ahead at 0.8456 (Daily 200 SMA). Next support to the downside can be found at 0.8429 (Daily Low), 0.8411 (Weekly Classic S2), 0.8360 (Weekly Classic S3), 0.8082 (YTD Low) and 0.7723 (Annual Low).