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Alert - 15:45 (CET) - NzdUsd
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The NzdUsd is trading at 0.5519, ranging between 0.5945 and 0.5992. Checking the hourly graphics, we see that the 20- and 50-day EMA are under the 200-day EMA.
As the current privce broke the supports at 0.5788 (October 8th low) and 0.5658 (September 3rd 2003), the traders are contemplating the next at 0.5437 (April 9th low). They keep watching, just in case, the resistances at 0.6928 (October 22nd high), 0.6349 (October 14th high) and 0.6683 (October 3rd high).
Given the global stocks disaster, the Dollar is advancing against the kiwi. The country is a commodity exporter and its currency, the kiwi, is affected by the swings in the commodities prices.
Meanwhile, the 60-minute RSI is at 24 points, oversold. The average volatility per hour could reach 600 pips. Checking the daily graphics, the current price is over the 61.80% (0.5545) and under the 50.00% (0.6045) Fibonacci retracements lines.
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