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12 Jun 2014
NZD/USD cracks the 0.86 handle
FXStreet (Guatemala) - Currently, NZD/USD is trading at 0.8610, up over 0.35% on the day, having posted a daily high at 0.8629 and low at 0.8521.
The Reserve Bank today lifted the OCR by 25 basis points to 3.25 percent as expected followed with a statement which said the New Zealand’s economic expansion has considerable momentum, with GDP estimated to have grown by around 4 percent in the year to June. In reaction the pair was volatile and moved between a 70 range on the off and broke into the 0.86 handle and continued to make further gains where the pair now oscillates.
NZD/USD Levels
Spot is presently trading at 0.8579, and next resistance can be seen at 0.8590 (Daily High), 0.8640 (Weekly Classic R2), 0.8668 (Monthly High), 0.8724 (Weekly Classic R3) and 0.8741 (Annual High). Support below can be found at 0.8578 (Daily Classic R3), 0.8576 (Yesterday's High), 0.8570 (Weekly Classic R1), 0.8553 (Daily Classic R2) and 0.8551 (Hourly 20 EMA).
The Reserve Bank today lifted the OCR by 25 basis points to 3.25 percent as expected followed with a statement which said the New Zealand’s economic expansion has considerable momentum, with GDP estimated to have grown by around 4 percent in the year to June. In reaction the pair was volatile and moved between a 70 range on the off and broke into the 0.86 handle and continued to make further gains where the pair now oscillates.
NZD/USD Levels
Spot is presently trading at 0.8579, and next resistance can be seen at 0.8590 (Daily High), 0.8640 (Weekly Classic R2), 0.8668 (Monthly High), 0.8724 (Weekly Classic R3) and 0.8741 (Annual High). Support below can be found at 0.8578 (Daily Classic R3), 0.8576 (Yesterday's High), 0.8570 (Weekly Classic R1), 0.8553 (Daily Classic R2) and 0.8551 (Hourly 20 EMA).