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19 Mar 2015
NZD/USD: losses capped at 5-DMA
FXStreet (Mumbai) - The losses in the NZD/USD pair appear to have been capped around the 5-DMA located at 0.7378 levels.
NZD/USD: Trades near hourly 50-MA
So far the pair has also managed to sustain above the hourly 50-MA located at 0.7374 levels, despite having suffered a drop from the high of 0.7536 levels. Moreover, the US dollar has made a strong comeback as the June rate hike in the US is still a possibility. On the other hand, a drop in the diary prices in the GDT auction earlier this week continues to weigh over the Kiwi.
Meanwhile, the mixed US data released today – upbeat weekly jobless claims and rise in the Q4 current account deficit – has failed to have any impact on the pair.
NZD/USD Technical Levels
The immediate support is seen at 0.7367 (hourly 100-MA), under which the pair could drop to 0.7343 (hourly 200-MA). On the flip side, resistance is seen at 0.7400 and 0.7444 levels.
NZD/USD: Trades near hourly 50-MA
So far the pair has also managed to sustain above the hourly 50-MA located at 0.7374 levels, despite having suffered a drop from the high of 0.7536 levels. Moreover, the US dollar has made a strong comeback as the June rate hike in the US is still a possibility. On the other hand, a drop in the diary prices in the GDT auction earlier this week continues to weigh over the Kiwi.
Meanwhile, the mixed US data released today – upbeat weekly jobless claims and rise in the Q4 current account deficit – has failed to have any impact on the pair.
NZD/USD Technical Levels
The immediate support is seen at 0.7367 (hourly 100-MA), under which the pair could drop to 0.7343 (hourly 200-MA). On the flip side, resistance is seen at 0.7400 and 0.7444 levels.