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22 Aug 2014
NZD/USD shows some attempts to settle above 0.84
FXStreet (Moscow) - NZD/USD rebounded from session low at 0.8386 and rose just above 0.84 by the moment.
The last test
Kiwi rebounded from 5.5-month low at 0.8346 yesterday, and is still in recovery mode today. However, not all the tests are passed for this week, as there is big event at Jackson Hole where the Fed chairwoman is scheduled to speak on the Labor market. If Jennet Yellen prefers to sound more aggressive tonight in tune with the recent FOMC minutes, it may be a strong enough reason to test the recent lows again with initial target at 0.8365.
What are today’s key NZD/USD levels?
Today's central pivot point can be found at 0.8389, with support below at 0.8365, 0.8323 and 0.8299, with resistance above at 0.8431, 0.8455, and 0.8497. Hourly Moving Averages are largely bullish, with the 200SMA bearish at 0.8442 and the daily 20EMA bearish at 0.8490. Hourly RSI is bullish at 58.
The last test
Kiwi rebounded from 5.5-month low at 0.8346 yesterday, and is still in recovery mode today. However, not all the tests are passed for this week, as there is big event at Jackson Hole where the Fed chairwoman is scheduled to speak on the Labor market. If Jennet Yellen prefers to sound more aggressive tonight in tune with the recent FOMC minutes, it may be a strong enough reason to test the recent lows again with initial target at 0.8365.
What are today’s key NZD/USD levels?
Today's central pivot point can be found at 0.8389, with support below at 0.8365, 0.8323 and 0.8299, with resistance above at 0.8431, 0.8455, and 0.8497. Hourly Moving Averages are largely bullish, with the 200SMA bearish at 0.8442 and the daily 20EMA bearish at 0.8490. Hourly RSI is bullish at 58.