Back
12 Jun 2014
NZD/USD to lose its perch?
FXStreet (Guatemala) - NZD/USD is trading at 0.8681, up 1.58% on the day, having posted a daily high at 0.8692 and low at 0.8521.
The NZD remains strong at the highs but the RBNZ noted that they expect the New Zealand dollar to adjust lower over time as current levels are unsustainable, as note dby Lee Hardman, FX Analyst at the Bank of Tokyo Mitsubishi UFJ notes “It remains the most overvalued G10 currency according to our updated valuation framework”.
NZD/USD Levels
Spot is presently trading at 0.8682, and next resistance can be seen at 0.8692 (Daily High), 0.8724 (Weekly Classic R3), 0.8741 (Annual High), 0.8741 (YTD High) and 0.8809 (3 Year High). Next support to the downside can be found at 0.8668 (Monthly High), 0.8651 (Hourly 20 EMA), 0.8640 (Weekly Classic R2), 0.8631 (Daily Classic R3) and 0.8604 (Daily Classic R2).
The NZD remains strong at the highs but the RBNZ noted that they expect the New Zealand dollar to adjust lower over time as current levels are unsustainable, as note dby Lee Hardman, FX Analyst at the Bank of Tokyo Mitsubishi UFJ notes “It remains the most overvalued G10 currency according to our updated valuation framework”.
NZD/USD Levels
Spot is presently trading at 0.8682, and next resistance can be seen at 0.8692 (Daily High), 0.8724 (Weekly Classic R3), 0.8741 (Annual High), 0.8741 (YTD High) and 0.8809 (3 Year High). Next support to the downside can be found at 0.8668 (Monthly High), 0.8651 (Hourly 20 EMA), 0.8640 (Weekly Classic R2), 0.8631 (Daily Classic R3) and 0.8604 (Daily Classic R2).