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NZD on the way down even further

FXStreet (Guatemala) - NZD/USD is trading at 0.7868, down -0.73% on the day, having posted a daily high at 0.7957 and low at 0.7868.

NZD/USD is testing the downside still and pushing through 0.7880 support into dangerous levels to the downside. We are lower here with Yellen’s statements of late are being followed up. The US GDP was first up and revised to 4.6% in the Q2 from 4.2%. Then the final number was in line with expectations, the highest figure since Q4 2010 and the catalyst for a firmer greenback today. PCE was falling in line at 2.3% up on 1.4% previous and the, although missing expectations slightly, it rose to 84.6 in September up from 82.5 on the previous month.

NZD/USD note worthy levels

Current price is 0.7869, with resistance ahead at 0.7905 (Weekly Classic S3), 0.7911 (Hourly 20 EMA), 0.7913 (Yesterday's Low), 0.7924 (Daily Open) and 0.7926 (Monthly Low). Next support to the downside can be found at 0.7868 (Daily Low), 0.7866 (Daily Classic S1), 0.7807 (Daily Classic S2), 0.7700 (Daily Classic S3) and 0.7389.

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