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14 Feb 2014
NZD/USD swooping lower
FXStreet (Guatemala) - NZD/USD has swooped 20 pips lower from the high made in NY at 0.8358.
The market has had a pop at the dollar on Retail Sales which were sighted as the main event on a quiet calendar of late as the focus shifts away from the Yellen especially as Yellen’s testimony before the Senate Banking Committee has now been rescheduled due to the impending snow-storm. US retail sales contracted 0.4% inter-month during January, while excluding the Auto sector sales came in flat.
NZD/USD Levels
The 20 DMA is 0.8251, the 50 DMA is 0.8250 and the 200 DMA is 0.8129. RSI (14) reads 54.93. Supports are ascending from 0.8210, 0.8257, 0.8264, 0.8292. Spot is 0.8335 while resistances are 0.8370, 0.8392, 0.8433 and 0.8446.
The market has had a pop at the dollar on Retail Sales which were sighted as the main event on a quiet calendar of late as the focus shifts away from the Yellen especially as Yellen’s testimony before the Senate Banking Committee has now been rescheduled due to the impending snow-storm. US retail sales contracted 0.4% inter-month during January, while excluding the Auto sector sales came in flat.
NZD/USD Levels
The 20 DMA is 0.8251, the 50 DMA is 0.8250 and the 200 DMA is 0.8129. RSI (14) reads 54.93. Supports are ascending from 0.8210, 0.8257, 0.8264, 0.8292. Spot is 0.8335 while resistances are 0.8370, 0.8392, 0.8433 and 0.8446.