11 Oct 2013
NZD/USD stalled around 0.8320
FXstreet.com (Chicago) - NZD/USD remains on trading range after retracement from 0.8356 session highs on hopeful sentiment that the shutdown may be ending soon.
Stronger dollar
Price action reveals a broken upward trendline originated three days ago on rumors of a potential deal between republicans and democrats putting an end to the political paralysis in Washington. Amid conversations with potential solutions, markets around the world remain positive and with gains. The pair shows signs of weakening and stalls around the 0.8320 zone after retracing from 0.8356 session highs.
NZD/USD Technical Levels
Offered at 0.8319, the pair oscillates between supports aligned at 0.8270 (October 7th lows), 0.8245 (September 27th lows) ahead of 0.8215 (September 25th lows) and the resistances set at 0.8319 (October 3rd highs), 0.8343 (October 1st highs) followed by 0.8363 (September 23rd lows). According to the FXstreet.com trend index, the pair is slightly bearish on one-hour timeframe analysis above the EMA20.
Stronger dollar
Price action reveals a broken upward trendline originated three days ago on rumors of a potential deal between republicans and democrats putting an end to the political paralysis in Washington. Amid conversations with potential solutions, markets around the world remain positive and with gains. The pair shows signs of weakening and stalls around the 0.8320 zone after retracing from 0.8356 session highs.
NZD/USD Technical Levels
Offered at 0.8319, the pair oscillates between supports aligned at 0.8270 (October 7th lows), 0.8245 (September 27th lows) ahead of 0.8215 (September 25th lows) and the resistances set at 0.8319 (October 3rd highs), 0.8343 (October 1st highs) followed by 0.8363 (September 23rd lows). According to the FXstreet.com trend index, the pair is slightly bearish on one-hour timeframe analysis above the EMA20.