28 Jun 2013
NZD/USD testing the 0.7800 barrier
FXstreet.com (New York) - The NZD/USD foreign exchange rate has returned the 0.7800 barrier during Asian trading Friday, continuing to recover off of yesterdays lows at the 0.7773 region.
NZD/USD positive signals outweighed by bearish indicators
According the Technical Analyst Team at ICN.com, “The NZD/USD hasn't yet made an distinctive movement as the technical circumstances, which forced us to stand aside in the US Session. Despite positive signals showing on LRIs, trading within a bearish channel and the stochastic's close proximity to overbought areas suggests a neutral intraday outlook.”
Presently, the NZD/USD is securing a marginal advance of +0.01% in these moments, settling at the 0.7800 barrier. The Danske Research Team points to resistances at 0.7844, onto 0.7855, and 0.7894. Conversely, a movement lower will open up supports at 0.7683, ahead of 0.7660.
NZD/USD positive signals outweighed by bearish indicators
According the Technical Analyst Team at ICN.com, “The NZD/USD hasn't yet made an distinctive movement as the technical circumstances, which forced us to stand aside in the US Session. Despite positive signals showing on LRIs, trading within a bearish channel and the stochastic's close proximity to overbought areas suggests a neutral intraday outlook.”
Presently, the NZD/USD is securing a marginal advance of +0.01% in these moments, settling at the 0.7800 barrier. The Danske Research Team points to resistances at 0.7844, onto 0.7855, and 0.7894. Conversely, a movement lower will open up supports at 0.7683, ahead of 0.7660.