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4 Mar 2014
NZD/USD consolidated in risk-off environment
FXStreet (Guatemala) - NZD/USD remains within a tight range between 0.8360 and 0.8380.
The calendar is light for the bird and attentions remain on the correlation to risk aversion. Strategist at TD Securities highlighted this by saying earlier, “While this week’s North American events and data releases are important, near-term focus on risk aversion is likely to see the commodity currencies under-perform—the CAD, AUD and NZD retain the strongest positive, correlation with stocks in the G-10 block”. ANZ Commodity Price. Sean Callow, analyst at Westpac Banking Corporation ABN noted ,“There will be extra eyes on the Ukraine around 2pm Syd/11am Sing/HK as this is the 5am deadline Ukrainian officials claimed had been given by the Russian navy to Ukrainian forces in the Crimea to surrender. This claim is disputed.
NZD/USD Levels
The 20 DMA is 0.8298, the 50 DMA is 0.8269 and the 200 DMA is 0.8138. RSI (14) is 47.83. Supports are ascending from 0.8259, 0.8280, 0.8313, 0.8338. Spot is 0.8366 while resistances are 0.8393, 0.8433, 0.8446 and 0.8518.
The calendar is light for the bird and attentions remain on the correlation to risk aversion. Strategist at TD Securities highlighted this by saying earlier, “While this week’s North American events and data releases are important, near-term focus on risk aversion is likely to see the commodity currencies under-perform—the CAD, AUD and NZD retain the strongest positive, correlation with stocks in the G-10 block”. ANZ Commodity Price. Sean Callow, analyst at Westpac Banking Corporation ABN noted ,“There will be extra eyes on the Ukraine around 2pm Syd/11am Sing/HK as this is the 5am deadline Ukrainian officials claimed had been given by the Russian navy to Ukrainian forces in the Crimea to surrender. This claim is disputed.
NZD/USD Levels
The 20 DMA is 0.8298, the 50 DMA is 0.8269 and the 200 DMA is 0.8138. RSI (14) is 47.83. Supports are ascending from 0.8259, 0.8280, 0.8313, 0.8338. Spot is 0.8366 while resistances are 0.8393, 0.8433, 0.8446 and 0.8518.