forex trading outlook today -Why NZD-USD drops today april 13 2012 : The kiwi lost 0.26% agaisnt the the greenback, reversing the last two days' gains. The cross was already heading south as the US released healthy numbers in its CPI, that met expectations. The MoM and YoY figures for the CPI were at 0.3% and 2.7%, while the
MoM CPI that excludes energy and food reached 0.2% (The YoY overperformed expectations with 2.3% vs. 2.2%).
The pair is
trading at 0.8288 with
resistance at 0.8315, ahead of 0.8352 and 0.8423. On the downside, the cross has support at 0.8207, before 0.8136 and 0.8099 according to Fxstreet.com pivot points on technical tools.
The pair is above its 100 day and 200 day SMA (0.8053 and 0.8094).
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