Forex: NZD/USD kiwi rally capped at 0.8347

FXstreet.com (Barcelona) - The NZD/USD rally stormed ahead during American trading Thursday, only to reach a peak at the 0.8347 region. In recent minutes however, this session high proved to be the pinnacle of gains thus far, as the pair has eased back towards the 0.8329/30 region in these moments.

Earlier today in the United States, the Housing Price Index (MoM) yielded a result of +0.6% in January, vs. a consensus of +0.7%. Meanwhile, the CB Leading indicator (MoM) has grown +0.5% in February, beating estimates of only +0.4%. Finally, the Philadelphia Fed Manufacturing Survey (March), has yielded a result of 2.0, against expectations of -2.0.

As sentiment has rallied Thursday, sending the NZD/USD crashing through resitances at 0.8282, Mataf.net analysts calculate the next resistances at 0.8331 onto 0.8346. Should the pair ultimately reverse course and break lower, the NZD/USD is slated to meet support at 0.8218, ahead of 0.8182, and finally 0.8154