Back
3 Oct 2013
NZD/USD capped below 0.83 front
FXstreet.com (Chicago) - NZD/USD extends sideways price action after falling from 0.8342 highs after exhausting from yesterday’s bullish movement.
With no data releases expected in New Zealand and a still uncertain discourse by the Fed and FOMC’s member amid a stagnant political situation in the US, bulls hold on to continuous bearish pressure. Down 0.87% for the week and 0.49% for the day, the pair finds grounds and attempts breakthrough above 0.83.
NZD/USD Technical Levels
Offered at 0.8292, the pair navigates between supports aligned at 0.8270, 0.8245 followed by 0.82 and resistances set at 0.8319, 0.8343 ahead of 0.8363. According to the FXstreet.com trend index, the pair is slightly bullish on one-hour timeframe analysis.
With no data releases expected in New Zealand and a still uncertain discourse by the Fed and FOMC’s member amid a stagnant political situation in the US, bulls hold on to continuous bearish pressure. Down 0.87% for the week and 0.49% for the day, the pair finds grounds and attempts breakthrough above 0.83.
NZD/USD Technical Levels
Offered at 0.8292, the pair navigates between supports aligned at 0.8270, 0.8245 followed by 0.82 and resistances set at 0.8319, 0.8343 ahead of 0.8363. According to the FXstreet.com trend index, the pair is slightly bullish on one-hour timeframe analysis.