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27 Sep 2013
NZD/USD drops t below the pivot
FXstreet.com (London) - The NZD/USD has printed a high of 0.8321 and has dropped right back below the pivot of 0.8276 to record a low of 0.8552.
Research teams at TD Securities explained the annual RBNZ Bulletin was released, where Governor Wheeler’s opening statement noted the “significant challenges” of the “overvalued NZD and overvalued housing market” two competing themes he has been juggling and voicing in various speeches and communiqué since he took office in September 2012. Meanwhile, from the calendar for the US, CPE all in all come in positively while we will see Michigan Consumer Sentiment out and coming up next.
NZD/USD Levels
The 20 DMA is 0.8113, the 50 DMA is 0.8013 and the 200 DMA is 0.8180. RSI (14) reads 45.50. Supports are ascending from 0.8190, 0.8217 and 0.8235. Spot is currently 0.8266. Resistances are 0.8289, 0.8302, 0.8320, 0.8341 and 0.8374.
Research teams at TD Securities explained the annual RBNZ Bulletin was released, where Governor Wheeler’s opening statement noted the “significant challenges” of the “overvalued NZD and overvalued housing market” two competing themes he has been juggling and voicing in various speeches and communiqué since he took office in September 2012. Meanwhile, from the calendar for the US, CPE all in all come in positively while we will see Michigan Consumer Sentiment out and coming up next.
NZD/USD Levels
The 20 DMA is 0.8113, the 50 DMA is 0.8013 and the 200 DMA is 0.8180. RSI (14) reads 45.50. Supports are ascending from 0.8190, 0.8217 and 0.8235. Spot is currently 0.8266. Resistances are 0.8289, 0.8302, 0.8320, 0.8341 and 0.8374.