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17 Oct 2013
NZD/USD still around 6-month peaks yet dangerously close to 0.8478 grounds
FXstreet.com (Chicago) - NZD/USD continues printing lower highs and lows deflating from session highs and getting dangerously close to immediate grounds amid whiners and mixed market reactions across the board.
Data, comeback attempt
Rearranging data releases and estimating economic losses precede politicians’ talks after 2 weeks of conversations and debates. Ahead of the Australian speech by RBA governor Stevens and Chinese production data with high influence on the pair, the greenback seems to regain some losses remaining still 0.66% down.
NZD/USD Technical Levels
Technically speaking, the pair is offered at 0.8484, very close to immediate support, despite spike to 0.8526, 6-month peaks. Offered at 0.8481, the pair navigates between the supports aligned at 0.8478 (May 9th highs), 0.8430 (September 18th highs) ahead of 0.8390 (September 23rd highs) and the resistances set at 0.8525 (session highs), 0.8554 (April 30th highs) followed by 0.8588 (May 1st highs). According to the FXstreet.com trend index, the pair is strongly bullish on one-hour timeframe analysis above the EMA20.
Data, comeback attempt
Rearranging data releases and estimating economic losses precede politicians’ talks after 2 weeks of conversations and debates. Ahead of the Australian speech by RBA governor Stevens and Chinese production data with high influence on the pair, the greenback seems to regain some losses remaining still 0.66% down.
NZD/USD Technical Levels
Technically speaking, the pair is offered at 0.8484, very close to immediate support, despite spike to 0.8526, 6-month peaks. Offered at 0.8481, the pair navigates between the supports aligned at 0.8478 (May 9th highs), 0.8430 (September 18th highs) ahead of 0.8390 (September 23rd highs) and the resistances set at 0.8525 (session highs), 0.8554 (April 30th highs) followed by 0.8588 (May 1st highs). According to the FXstreet.com trend index, the pair is strongly bullish on one-hour timeframe analysis above the EMA20.