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17 Oct 2013
NZD/USD flag emerging, capped at 0.8526
FXstreet.com (London) - NZD/USD has continued to rise after breaking the through the topside of and sideways channel resistance line 0.8440.
NZD/USD enjoyed some upbeat data in the form of Sep ANZ job ads rebounding by +1.1%/month after –1.3% in the prior month. ANZ consumer confidence rebounded by +2.9% to 122.3 in Oct (neutral is 100) from 118.8. The key news came from the States in a successful passage by US Congress of a bill averting a US debt default. The bill suspends the debt ceiling until February 7, and ends the two and a half week-long government shutdown by funding the government agencies until January15. It passed by votes of 81-18 in the Senate, and 285-144 in the House, with 87 House Republicans voting in favour and 144 against, and was signed by Obama overnight. related uncertainties may push back FOMC tapering expectations. The pair has since slowed down while the US printed a better than expected Philadelphia Fed Manufacturing Survey that dropped to 19.8 in October from 22.3 in September, the Federal Reserve Bank of Philadelphia informed on Thursday. Analysts expected more decline to 15.
NZD/USD Levels
The 20 DMA is 0.8319, the 50 DMA is 0.8114 and the 200 DMA is 0.8183. RSI (14) reads 73.37. Supports are ascending from 0.8400, 0.8431, 0.8461 and 0.8481. Spot is currently 0.8524 while resistances are 0.8558 0.8585 0.8679 April 2013 high.
NZD/USD enjoyed some upbeat data in the form of Sep ANZ job ads rebounding by +1.1%/month after –1.3% in the prior month. ANZ consumer confidence rebounded by +2.9% to 122.3 in Oct (neutral is 100) from 118.8. The key news came from the States in a successful passage by US Congress of a bill averting a US debt default. The bill suspends the debt ceiling until February 7, and ends the two and a half week-long government shutdown by funding the government agencies until January15. It passed by votes of 81-18 in the Senate, and 285-144 in the House, with 87 House Republicans voting in favour and 144 against, and was signed by Obama overnight. related uncertainties may push back FOMC tapering expectations. The pair has since slowed down while the US printed a better than expected Philadelphia Fed Manufacturing Survey that dropped to 19.8 in October from 22.3 in September, the Federal Reserve Bank of Philadelphia informed on Thursday. Analysts expected more decline to 15.
NZD/USD Levels
The 20 DMA is 0.8319, the 50 DMA is 0.8114 and the 200 DMA is 0.8183. RSI (14) reads 73.37. Supports are ascending from 0.8400, 0.8431, 0.8461 and 0.8481. Spot is currently 0.8524 while resistances are 0.8558 0.8585 0.8679 April 2013 high.