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NZD/USD jumps above 0.8050

FXstreet.com (San Francisco) - The New Zealand Dollar is trading higher against the Greenback following the weaker than expected ISM manufacturing index. After rising around 100 pips from 0.7970, the NZD/USD has broken above the 0.8000 to reach the intra-day highs around 0.8090.

Currently the NZD/USD is trading around 0.8080, 1.40% positive on the day. The short term perspective is slightly bullish according to the FXstreet.com trend index in the 15-minute chart. Indicators such as MACD, CCI and Momentum are pointing to the north while the Stochastic is bearish.

Above the 0.8100 level, next resistances are at 0.8120 and 0.8160. On the downside, 0.8050, 0.8000 and 0.7950 are supports.

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