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NZD/USD firmly bid and targets 0.79 handle

FXStreet (Guatemala) - NZD/USD is trading at 0.7882, up 0.09% on the day, having posted a daily high at 0.7889 and low at 0.7874.

NZD/USD remains bid overall on he run up from the 0.7720 mark and has eyes for the 0.79 still, despite offers protecting the key level. The attempts to the upside have been underpinned at the start of today’s activity with domestic data for New Zealand printing positively.

The BNZ Business NZ Performance of Manufacturing Index (PMI) came at 59.3 in Oct vs 58.1 in Sept, which was the highest print this year. Nevertheless, the reaction is less impressive and the pair simply holds onto its perch.

NZD/USD noteworthy levels

Spot is presently trading at 0.7883, and next resistance can be seen at 0.7908, 0.7914 (Daily Classic R2), 0.7933 (Weekly Classic R2) and 0.7986 (Daily Classic R3). Support below can be found at 0.7878 (Daily Open), 0.7858 (Hourly 20 EMA), 0.7856 (Daily Classic R1) and 0.7839 (Weekly Classic R1).

New Zealand Food Price Index (MoM) climbed from previous -0.8% to 0% in October

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