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31 Jul 2014
NZD/USD: Sellers step in above 0.85
FXStreet (Bali) - NZD/USD sellers remain well in control short term, with the bounce post FOMC finding plenty of selling interest above the 0.85 handle, resulting on a pullback towards 0.8485 following a high of 0.8511.
As Peter Fell, Analyst at FXBeat, notes: "The focus of attention is again on US data, tonight's jobless claims and Chicago PMI and more importantly Friday's Non-farm payrolls."
In terms of key levels, Peter adds: "Sell orders cited between 8510/20, more around 8530, exporter demand seen around 8450. Support seen at 8454, 200 DMA, below there, around 8400 looks pretty decent support, 8396 is the 38.2% fibo on the entire up-move from 7684 to 8836 and 8402 is a previous low."
As Peter Fell, Analyst at FXBeat, notes: "The focus of attention is again on US data, tonight's jobless claims and Chicago PMI and more importantly Friday's Non-farm payrolls."
In terms of key levels, Peter adds: "Sell orders cited between 8510/20, more around 8530, exporter demand seen around 8450. Support seen at 8454, 200 DMA, below there, around 8400 looks pretty decent support, 8396 is the 38.2% fibo on the entire up-move from 7684 to 8836 and 8402 is a previous low."