27 Sep 2013
NZD/USD may be setting up for another shot lower to 0.8127 say technicians
FXstreet.com (Barcelona) - The NZD/USD looks like it may be in wave “c” of an “abc” correction to the downside. Will US data Friday push the DXY higher and drag the NZD/USD lower?
NZD/USD traders to focus on US data later Friday
NZD/USD traders will get to react to US data flow Friday which will include personal income, consumption and spending data, the University of Michigan Consumer Confidence Survey as well as multiple “Fed Head” speeches.
Technical outlook for NZD/USD
Technicians say resistance for the recent bounce in NZD/USD comes in at 0.8292 and short-term support comes in at 0.8216. The next meaningful resistance and support for NZD/USD comes is at 0.8311 and 0.8126 respectively.
NZD/USD traders to focus on US data later Friday
NZD/USD traders will get to react to US data flow Friday which will include personal income, consumption and spending data, the University of Michigan Consumer Confidence Survey as well as multiple “Fed Head” speeches.
Technical outlook for NZD/USD
Technicians say resistance for the recent bounce in NZD/USD comes in at 0.8292 and short-term support comes in at 0.8216. The next meaningful resistance and support for NZD/USD comes is at 0.8311 and 0.8126 respectively.