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Trading news
3 May 2013
Forex: NZD/USD slips below 0.8500 after NFP
FXstreet.com (Córdoba) - NZD/USD fell to fresh daily lows as the greenback strengthened broadly following better-than-expected US employment data. The US economy added 165,000 jobs in April, beating expectations of a 145,000 gain.
NZD/USD dropped more than 40 pips after the data and touched a low of 0.8471 before finding support and bouncing slightly. At time of writing, the Kiwi is trading around 0.8490, where it is virtually unchanged on the day.
In terms of technical levels, next supports for NZD/USD could be found at 0.8471 (daily low) and 0.8455 (low May 2). On the upside, resistances are now seen at 0.8530 (100-hour SMA/daily high) and 0.8585 (high Apr 30).
NZD/USD dropped more than 40 pips after the data and touched a low of 0.8471 before finding support and bouncing slightly. At time of writing, the Kiwi is trading around 0.8490, where it is virtually unchanged on the day.
In terms of technical levels, next supports for NZD/USD could be found at 0.8471 (daily low) and 0.8455 (low May 2). On the upside, resistances are now seen at 0.8530 (100-hour SMA/daily high) and 0.8585 (high Apr 30).