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NZD/USD aims at 0.7950 resistance

FXStreet (Moscow) - NZD/USD started the day ay 0.7905 and climbed to 0.7933 so far. The upside is caused by USD sell-off across the board following yesterday’s FOMC minutes

Recovering from losses

NZD/USD spiked higher on Wednesday. The pair finished the day with about 70-pip gain, marginally above 0.7900. The movement that was caused by unexpectedly dovish FOMC minutes, continued early on Thursday. Later during the day kiwi might be influenced by technical factors, while European session might bring in another period of USD weakness. He nearest resistance for NZD/USD comes at 0.7950. Once broken, the upside may be extended towards 0.8000. While the pair stays above 0.7900 the short-term dynamics remain positive.

What are today’s key NZD/USD levels?

Today's central pivot point can be found at 0.7680, with support below at 0.7820, 0.7734 and 0.7686 with resistance above at 0.7954, 0.8002 and 0.8088. Hourly Moving Averages are mixed, with the 200SMA bullish at 0.7816 and the daily 20EMA bearish at 0.7976. Hourly RSI is bullish at 68

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