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NZD/USD off Asian lows, 0.7800 within reach

FXStreet (Moscow) - NZD/USD  is trading at 0.7781 marginally higher on the day after having dipped to Asian low at 0.7737.

NZD/USD follows general trend of USD growth and mimics Aussie movements. The pair failed at 0.7977 and finished the week with about 60-pips loss, still off recent lows registered at 0.7707. While above this area, the pair might continue consolidation within a large range limited by 0.7709 on the downside and 0.8000 on the upside. From the fundamental point of view, US Manufacturing ISM report may push the pair a bit higher if the figures come out lower than expected, though the reaction is likely to be short-lived ahead of New Zealand labor market report, to be published on Wednesday.

What are today’s key NZD/USD levels? 

Today's central pivot point can be found at 0.7816, with support below at 0.7749, 0.7708 and 0.7641, with resistance above at 0.7857, 0.7924 and 0.7965. Hourly Moving Averages are mostly bearish, with the 200SMA bearish at 0.7871 and the daily 20EMA bearish at 0.7893. Hourly RSI is bearish at 48.

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