Back
3 Oct 2013
NZD/USD resting on hawkish comments from RBNZ
FXstreet.com (London) -NZD/USD is sidelined currently sub the 0.83 handle and oscillating in the 0.8290’s.
Despite Wheeler’s hawkish newspaper article on LVRs and the cash rate, released during thin NYC trading time yesterday, the pair is down 0.42% at 0.8292. “It added a half-cent to a peak of $US.834 after reading, “We currently expect that the OCR could increase by 2% by the beginning of 2016. If the loan-to-value (LVR) speed limit is unable to slow house price inflation, larger increases … would be required.” This is not new news to regular kiwi-watchers, with this view already published in the Sept 12 Monetary Policy Statement, but was an excuse to buy back the recently underperforming currency”, explained research teams at TD Securities.
NZD/USD Levels
The 20 DMA is 0.8210, the 50 DMA is 0.8040, and the 200 DMA is 0.8181. RSI (14) reads 52.35. Supports are ascending from 0.8190, 0.8228, 0.8261 and 0.8284. Spot is currently 0.8292 while resistances are 0.8313, 0.8341, 0.8374, 0.8390 and 0.8436.
Despite Wheeler’s hawkish newspaper article on LVRs and the cash rate, released during thin NYC trading time yesterday, the pair is down 0.42% at 0.8292. “It added a half-cent to a peak of $US.834 after reading, “We currently expect that the OCR could increase by 2% by the beginning of 2016. If the loan-to-value (LVR) speed limit is unable to slow house price inflation, larger increases … would be required.” This is not new news to regular kiwi-watchers, with this view already published in the Sept 12 Monetary Policy Statement, but was an excuse to buy back the recently underperforming currency”, explained research teams at TD Securities.
NZD/USD Levels
The 20 DMA is 0.8210, the 50 DMA is 0.8040, and the 200 DMA is 0.8181. RSI (14) reads 52.35. Supports are ascending from 0.8190, 0.8228, 0.8261 and 0.8284. Spot is currently 0.8292 while resistances are 0.8313, 0.8341, 0.8374, 0.8390 and 0.8436.