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11 Feb 2014
NZD/USD penetrates 0.83, highest since Jan 24
FXStreet (Bali) - NZD/USD">NZD/USD is breaking above the 0.83 handle, reaching its highest level since Jan 24 at 0.8307 with some light stops being tripped.
The NZD/USD has been mainly fueled by strong bid in the AUD/USD, with the break above 0.90 barrier helping to accelerate gains also on the Kiwi.
As written by Jim Langlands, Founder at FXCharts, earlier in Asia, "a break of 0.8300 would probably suggest a run towards 0.8340 (76.4% of 0.8432/0.8051), beyond which 0.8380 and then 0.8400 would attract."
The NZD/USD has been mainly fueled by strong bid in the AUD/USD, with the break above 0.90 barrier helping to accelerate gains also on the Kiwi.
As written by Jim Langlands, Founder at FXCharts, earlier in Asia, "a break of 0.8300 would probably suggest a run towards 0.8340 (76.4% of 0.8432/0.8051), beyond which 0.8380 and then 0.8400 would attract."