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11 Sep 2013
NZD/USD stretches higher to 0.8090, 25-day highs
FXstreet.com (Chicago) - NZD/USD accumulates 0.26% daily gains so far for a 110 pips advancement this week. Ahead of the RBNZ interest rate decision at 21 GMT today along its monetary policy statement, the pair attempts to consolidate above the 0.8090 zone.
NZ interest rates and Syria
In New Zealand, officials had said interest rates will remain unchanged until the end of the year with conditional improvements in the housing market and construction market. In the US, the Security Council meeting results are expected although President Obama stated an intervention was inevitable if diplomacy failed. The congressional vote on the strike was delayed indefinitely.
NZD/USDTechnical Levels
Price action reveals a small flag pattern before new session highs records, also 25-day highs, at 0.8090. The pair has extended an upward trendline after August 30th’s reversal from 0.7720 lows and continues within boundaries of a bullish channel. Offered at 0.8580, the pair oscillates between supports at 0.8072 (September 10th highs), 0.8052 (August 18th lows) ahead of 0.8016 (August 6th highs) and resistances at 0.8092 (August 19th lows), 0.8116 (August 15th highs) followed by 0.8136 (June 13th highs). According to the FXstreet.com trend index, the pair is slightly bullish on one-hour timeframe analysis and is offered above the EMA20.
NZ interest rates and Syria
In New Zealand, officials had said interest rates will remain unchanged until the end of the year with conditional improvements in the housing market and construction market. In the US, the Security Council meeting results are expected although President Obama stated an intervention was inevitable if diplomacy failed. The congressional vote on the strike was delayed indefinitely.
NZD/USDTechnical Levels
Price action reveals a small flag pattern before new session highs records, also 25-day highs, at 0.8090. The pair has extended an upward trendline after August 30th’s reversal from 0.7720 lows and continues within boundaries of a bullish channel. Offered at 0.8580, the pair oscillates between supports at 0.8072 (September 10th highs), 0.8052 (August 18th lows) ahead of 0.8016 (August 6th highs) and resistances at 0.8092 (August 19th lows), 0.8116 (August 15th highs) followed by 0.8136 (June 13th highs). According to the FXstreet.com trend index, the pair is slightly bullish on one-hour timeframe analysis and is offered above the EMA20.