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4 Aug 2014
NZD/USD not giving up the 0.85 handle
FXStreet (Guatemala) - NZD/USD is trading at 0.8506, down -0.08% on the day, having posted a daily high at 0.8523 and low at 0.8503.
NZD/USD is digesting the events at the end of last weeks business with the greenback taking the spot light post last week's events including the nonfarm payrolls disappointments and Imre Speizer, analyst at Westpac Banking Corporation ABN highlights that this week’s NZ key event will be the Q2 labour data (Wed). “We expect jobs growth to continue but participation to remain high so that the unemployment rate will decline only slightly (from 6.0% to 5.8%) and wage costs will remain contained”. Then over to the US, we have the Services ISM and factory orders as main areas of interest but Imre Speizer suggest the Q2 prelim unit labour costs/productivity data deserves a special mention now that wages/costs have become more of a focus for the Fed and markets.
NZD/USD Levels
Current price is 0.8506, with resistance ahead at 0.8523, and 0.8545 (Daily Classic R1). Next support to the downside can be found at 0.8502 (Hourly 20 EMA) and 0.8491 (Monthly Low).
NZD/USD is digesting the events at the end of last weeks business with the greenback taking the spot light post last week's events including the nonfarm payrolls disappointments and Imre Speizer, analyst at Westpac Banking Corporation ABN highlights that this week’s NZ key event will be the Q2 labour data (Wed). “We expect jobs growth to continue but participation to remain high so that the unemployment rate will decline only slightly (from 6.0% to 5.8%) and wage costs will remain contained”. Then over to the US, we have the Services ISM and factory orders as main areas of interest but Imre Speizer suggest the Q2 prelim unit labour costs/productivity data deserves a special mention now that wages/costs have become more of a focus for the Fed and markets.
NZD/USD Levels
Current price is 0.8506, with resistance ahead at 0.8523, and 0.8545 (Daily Classic R1). Next support to the downside can be found at 0.8502 (Hourly 20 EMA) and 0.8491 (Monthly Low).