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NZD/USD steady post GDP improvements

FXStreet (Barcelona) - NZD/USD is trading at 0.8087, down -0.11% on the day, having posted a daily high at 0.8104 and low at 0.8078.

NZD/USD has popped up a little on the back of New Zealand's growth numbers that have continued to impress year on year in the second quarter, also improving on the previous quarter. The pair is heavily oversold on the back of developments in the US session from a hawkish FOMC’s dot plot that has taken the pair en route towards this year previous lows set in July. At the time of writing, RSI is neutral at 32.84, up from 23.24 at the last hour close, while ADX is ranging at 21.43, down from 35.29 previous. Meanwhile, daily RSI is in neutral territory at 32.47.

NZD/USD levels

Current price is 0.8089, with resistance ahead at 0.8097, 0.8105 and 0.8147 (Hourly 20 EMA). Next support to the downside can be found at 0.8083 (Weekly Classic S1) 0.8082 and 0.8060, July 2014 low.

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