11 Dec 2013
NZD/USD awaits RBNZ tonight
FXstreet.com (London) - NZD/USD has formed a base on support of the handle 0.82 and stepping up into 0.8230.
Investec corporate advisory team said the worst performers overnight were NZD and AUD. “New Zealand's dairy giant Fonterra cut its FY14 earnings and dividend forecast due to high milk prices”. We have the RBNZ meeting tonight and any dovishness would be ‘rewarded’ with a softer currency, welcomed by the Bank.
NZD/USD Levels
The 20 DMA is 0.8239, the 50 DMA is 0.8296 and the 200 DMA is 0.8165. RSI (14) reads 62.04. Supports are 0.8177 and 0.8200. Spot is 0.8230, 0.8250, 0.8271, 0.8283, 0.8336, 0.8368, 0.8397 and 0.8415.
Investec corporate advisory team said the worst performers overnight were NZD and AUD. “New Zealand's dairy giant Fonterra cut its FY14 earnings and dividend forecast due to high milk prices”. We have the RBNZ meeting tonight and any dovishness would be ‘rewarded’ with a softer currency, welcomed by the Bank.
NZD/USD Levels
The 20 DMA is 0.8239, the 50 DMA is 0.8296 and the 200 DMA is 0.8165. RSI (14) reads 62.04. Supports are 0.8177 and 0.8200. Spot is 0.8230, 0.8250, 0.8271, 0.8283, 0.8336, 0.8368, 0.8397 and 0.8415.