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Alert - 17:30 (CET) - Dollar advances 1.3% against the kiwi
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The NzdUsd is trading at 0.5768, ranging from 0.5759 to 0.5871. The current price is under yesterday's close at 0.5834. Checking the hourly graphics, the 20- and 50-day Exponential Mobile Averages (EMA) are over the 200-day EMA.
The resistances are watched at 0.5808 (November 12th high), 0.6046 (November 10th high) and 0.6261 (October 20th high). The supports are being watched at 0.519 (December 12th low), 0.5394 (December 10th high) and 0.5203 (December 5th high).
Despite the rebound in Wall Street this session, the investors are very worried about the global downturn and the decline of the crude barrel under 35 dollars. This way, the greenback advanced 1.30% against the kiwi.
Checking the daily charts, we see that the current price is over the 23.60% (0.5910) and under the 38.20% (0.6350) Fibonacci Retracement lines. The Relative Strenght Index (RSI) is at 39 points, rebounding frmo the oversold area. The volatility per hour could reach 170 pips.
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