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NZD/USD supported on main headline of FOMC minutes

FXStreet (Guatemala) - NZD/USD is trading at 0.7861, down -0.80% on the day, having posted a daily high at 0.7929 and low at 0.7838.

NZD/USD was up to test the 0.79 handle but supply came in post the knee jerk as markets digested the FOMC. There was little in them to reposition for a particular direction any significant way in the greenback. The most significant headline there was the need to remain on alert for a fall in longer-term inflation expectations.

However, yields have come off a tad, which should weigh on the dollar to some extent and bring in support to the NZD/USD for the time being while it continues to chop around in this phase of consolidation of the down trend. Next resistance can be seen at 0.7874 (Hourly 20 EMA), 0.7897 (Daily Classic S1) and 0.7905 (Hourly 100 SMA).

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