NZDUSD reached its nine-month high December 12 2012

The New Zealand dollar reached its nine-month high against the American dollar in NZDUSD today, as expectations for fresh easing measures by the Federal Reserve influenced on the greenback before the statement of the central bank policy expected later today.

During the late Asian trade session, the currency pair NZDUSD hit the level 0.8404, which is the highest level for this pair since February 29. Later on the pair NZDUSD found consolidation at 0.8406, up with 0.16%.

The pair NZDUSD was supposed to find support at 0.8335, bottom from Tuesday, and resistance at 0.8472, top level from February 29.


The kiwi hold stable against the Australian dollar with AUDNZD trading at the level 1.2537.

Later this day, the Federal Reserve is about to announce the federal funds rate, which will be followed by the bank’s rate statement.

America is expected to show official data on import prices and crude oil inventories.

Levels of support: 0.8335

Levels of resistance: 0.8472

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