forex trading outlook today - How will NZD-USD trading today 0ct 25 2012 : The NZD has rallied strongly overnight following the reiteration of the RBNZ to keep its interest rates pegged at 2.5%. After rebounding from the 0.8113 level (October 23 low), the NZD/USD has again regained the 0.8200 level, and has settled in the region of 0.8229 region at the time of writing.
Later this evening several indicators are expected out of the New Zealand economy. These include the Trade Balance Statistics (MoM, YoY) in September, and Import and Export data in the month of September, slated for release at 21:45 GMT.
According to the technical analysts at Mataf.net, the pair will encounter calculated resistance at 0.8259, followed by additional corrective measures to be located at 0.8297, then 0.8370. Conversely, a breach below the 0.8148 handle will initiate supportive means at 0.8075, and ultimately 0.8037.
The NZD/USD continues to outperform both its 50 and 100-hourly SMA Thursday, as investors have clearly thrown in their lot behind the kiwi. At the time of writing the pair is performing strongly, securing an advance of +0.30% above its opening
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