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1 Nov 2013
NZD/USD collapsed through key support
FXstreet.com (London) - NZD/USD has dropped through the supporting 0.8240 mark and has recorded a low of 0.8216 from a high of 0.8288.
US ISM Manufacturing PMI (Oct) beat consensus arriving at 56.4 vs 55.00 which took the dollar higher across the board on the last day of this weeks session. Meanwhile, for New Zealand, research teams at TD Securities said, “It’s all about the labour market on Wed and there are always quirks in the report, but we expect a +0.4% lift in employment to lower the unemployment rate from 6.4% to 6.2%”.
NZD/USD Levels
The 20 DMA is 0.8352, the 50 DMA is 0.8196 and the 200 DMA is 0.8181. RSI (14) reads 41.96. Supports are ascending from 0.8165, 0.8193, 0.8212 and 0.8230. Spot is currently 0.8232 while resistances are 0.8262, 0.8310, 0.8335, 0.8359 and 0.8380.
US ISM Manufacturing PMI (Oct) beat consensus arriving at 56.4 vs 55.00 which took the dollar higher across the board on the last day of this weeks session. Meanwhile, for New Zealand, research teams at TD Securities said, “It’s all about the labour market on Wed and there are always quirks in the report, but we expect a +0.4% lift in employment to lower the unemployment rate from 6.4% to 6.2%”.
NZD/USD Levels
The 20 DMA is 0.8352, the 50 DMA is 0.8196 and the 200 DMA is 0.8181. RSI (14) reads 41.96. Supports are ascending from 0.8165, 0.8193, 0.8212 and 0.8230. Spot is currently 0.8232 while resistances are 0.8262, 0.8310, 0.8335, 0.8359 and 0.8380.