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NZD/USD gives back the spike

FXStreet (Guatemala) - NZD/USD is trading at 0.8351, up 0.24% on the day, having posted a daily high at 0.8360 and low at 0.8328.

NZD/USD has backed down on the advance to the highs and has been oscillating on the half-way point shortly after Fonterra headlines commenced - Frontera is keeping milk prices the same for 2014/15. Aside from immediate events, the RBNZ remains till very much at the forefront of minds. Imre Speizer, analyst at Westpac Banking Corporation ABN
said they continue to target 0.8200 by year end.

NZD/USD hourly levels

Current price is 0.8352, with resistance ahead at 0.8352 (Daily Classic R1), 0.8360 (Daily High), 0.8366 (Hourly 100 SMA), 0.8373 (Daily Classic R2) and 0.8393 (Daily Classic R3). Next support to the downside can be found at 0.8352 ,0.8343/0.8337 (Weekly Classic S1).

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