Back
9 Aug 2013
NZD/USD grabbing 0.8000 handle
FXstreet.com (Barcelona) - NZD/USD was held off above 0.8040 towards the close of the London session and drifted to below the 0.8000 handle over night.
There was a number of Chinese data out overnight and Alvin Pontoh, Asia-Pacific Macro Strategist, FX & Rates Strategy at TD Securities said “With much of South-east Asia and India remaining shut for the Eid’l Fitr, it has been a relatively quiet trading day in the region with most markets treading water prior to the release of China’s key activity data 15 min ago. China’s industrial production surprised stronger than expected, up +9.7% y/y in July, accelerating from +8.9% in June. This suggests that China’s economy is at least stabilizing, and chimes with yesterday’s stronger-than-expected imports and the stronger tone of the official PMI”. NZD/USD is opening the European session and has managed to grab onto the 0.8000 handle again. The pair are 250 pips up on Mondays open.
NZD/USD opens at the pivot
NZD/USD is opening around the pivot 0.7997 and slightly bid. The 20 dma is 0.7946, the 50 dma is 0.7901, and the 200 dma comes as 0.8217. RSI (9) reads 57.49. Supports are ascending 0.7910, 0.7935, 0.7952 0.7973, 0.7988. Spot is currently 0.8105 and resistances are 0.8137, 0.8164, 0.8180.
There was a number of Chinese data out overnight and Alvin Pontoh, Asia-Pacific Macro Strategist, FX & Rates Strategy at TD Securities said “With much of South-east Asia and India remaining shut for the Eid’l Fitr, it has been a relatively quiet trading day in the region with most markets treading water prior to the release of China’s key activity data 15 min ago. China’s industrial production surprised stronger than expected, up +9.7% y/y in July, accelerating from +8.9% in June. This suggests that China’s economy is at least stabilizing, and chimes with yesterday’s stronger-than-expected imports and the stronger tone of the official PMI”. NZD/USD is opening the European session and has managed to grab onto the 0.8000 handle again. The pair are 250 pips up on Mondays open.
NZD/USD opens at the pivot
NZD/USD is opening around the pivot 0.7997 and slightly bid. The 20 dma is 0.7946, the 50 dma is 0.7901, and the 200 dma comes as 0.8217. RSI (9) reads 57.49. Supports are ascending 0.7910, 0.7935, 0.7952 0.7973, 0.7988. Spot is currently 0.8105 and resistances are 0.8137, 0.8164, 0.8180.