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9 Oct 2013
NZD/USD rejected at 0.8320 zone
FXstreet.com (Chicago) - NZD/USD advanced on better than expected New Zealand data but was limited around the 0.8320 zone.
NZ data
Electronic card retail sales (YoY) for September were worse than expected at 3.5% vs. past 6.4% and expected 6.6%. Month to month data was -0.8% vs. expected 0.3% and past 0.8%. In the US, on recent announcements, Yellen will replace Bernanke as the Chairman of the Fed amid a political crisis in Washington that continues.
NZD/USD Technical Levels
Technically speaking, the pair is offered at 0.8313 and oscillates between the supports aligned at 0.8270 (October 7th lows), 0.8245 (September 27th lows) ahead of 0.8215 (September 25th lows) and the resistances set at 0.8319 (October 3rd highs), 0.8343 (October 1st highs) followed by 0.8363 (September 23rd lows). According to the FXstreet.com the pair is slightly bearish on one-hour timeframe analysis above the EMA20.
NZ data
Electronic card retail sales (YoY) for September were worse than expected at 3.5% vs. past 6.4% and expected 6.6%. Month to month data was -0.8% vs. expected 0.3% and past 0.8%. In the US, on recent announcements, Yellen will replace Bernanke as the Chairman of the Fed amid a political crisis in Washington that continues.
NZD/USD Technical Levels
Technically speaking, the pair is offered at 0.8313 and oscillates between the supports aligned at 0.8270 (October 7th lows), 0.8245 (September 27th lows) ahead of 0.8215 (September 25th lows) and the resistances set at 0.8319 (October 3rd highs), 0.8343 (October 1st highs) followed by 0.8363 (September 23rd lows). According to the FXstreet.com the pair is slightly bearish on one-hour timeframe analysis above the EMA20.