NZD/USD maintains positive bias

FXstreet.com (Barcelona) - It has been a quiet Asian session with little happening across the Pacific currencies, as seen in the NZD/USD quotes price action.

The NZD/USD has printed a high of 0.8058 over night and a low of 0.8023 had been recorded later into the over
night session. The pair has been handed over into the opening European hour at 0.8034/38. We had the REINZ house price index overnight , -0.5% m/m in Jul, but we have seen the y/y that edged higher to 8.6% y/y, from 8.4% (peak was +9.8% y/y in Apr), led by Auckland (+13.9%). House sales volumes were impressive and surged, up +14.7% y/y, and this is the most active July in 6 years. Later on in the week we have Retail sales (Q2) on Wednesday and on Thursday we will see the ANZ consumer confidence (Aug).

NZD/USD positive bias

The NZD/USD is maintaining a positive bias targeting 0.8100 and June highs. The 20 dma comes as 0.7948, 50 dma 0.7902 and the 200 dma is 0.8217. RSI (9) reads 62.06. Supports are ascending from 0.7935, 0.7952, 0.7975, 0.8004. Spot is currently 0.8036 while resistances are 0.8105, 0.8137, 0.8164 and 0.8180