8 Nov 2013
NZD/USD eyes 0.82 handle
FXstreet.com (London) - NZD/USD has formed a bearish extension of the head and shoulders pattern, moving below the neck line and eyes the 0.82 handle.
The US dollar is higher across the board on the release of Non Farm Payrolls (Oct) that surprised to the upside at 204K vs the 125k consensus. At the same time the Unemployment Rate was in line with consensus for Oct at 7.3%, Personal Income month on month was up for (Sep) at 0.5% vs 0.3% consensus and Core PCE year on year marginally down at 1.2% vs 1.3% consensus.
NZD/USD Levels
The 20 DMA is 0.8358, the 50 DMA is 0.8260 and the 200 DMA is 0.8179. RSI (14) reads 48.59. Key support lies with the psychological level and handle 0.82 ahead of august 0.8164 and July 0.8446 highs.
The US dollar is higher across the board on the release of Non Farm Payrolls (Oct) that surprised to the upside at 204K vs the 125k consensus. At the same time the Unemployment Rate was in line with consensus for Oct at 7.3%, Personal Income month on month was up for (Sep) at 0.5% vs 0.3% consensus and Core PCE year on year marginally down at 1.2% vs 1.3% consensus.
NZD/USD Levels
The 20 DMA is 0.8358, the 50 DMA is 0.8260 and the 200 DMA is 0.8179. RSI (14) reads 48.59. Key support lies with the psychological level and handle 0.82 ahead of august 0.8164 and July 0.8446 highs.