13 Nov 2013
NZD/USD, steady pace, steady climb
FXstreet.com (Chicago) - NZD/USD prints higher highs and lows sustaining performance to accumulate 0.50% gains so far ahead of Wall Street’s closing.
Earlier today, the RBNZ Governor Wheeler explained the current monetary situation in New Zealand. With positive comments and no major surprises, price action had little volatility. At the opening of the journey in the US, the pair strengthened reaching 0.8271 highs to retrace about 20 pips ahead of the closing of Wall Street.
NZD/USD Technical Levels
Technically speaking, the pair is offered at 0.8253 and oscillates between the supports aligned at 0.82 (October 31st lows), 0.8140 (August 18th highs) ahead of 0.81 (August 13th highs) and the resistances set at 0.8270 (October 6th lows), 0.8313 (October 31st highs) followed by 0.8255 (October 11th highs). On hourly charts, the pair evidences trendless action the past two weeks with last week’s exception and jump to the 0.84 front. According to the FXstreet.com trend index, the pair is slightly bullish on one-hour timeframe analysis navigating above the EMA20.
Earlier today, the RBNZ Governor Wheeler explained the current monetary situation in New Zealand. With positive comments and no major surprises, price action had little volatility. At the opening of the journey in the US, the pair strengthened reaching 0.8271 highs to retrace about 20 pips ahead of the closing of Wall Street.
NZD/USD Technical Levels
Technically speaking, the pair is offered at 0.8253 and oscillates between the supports aligned at 0.82 (October 31st lows), 0.8140 (August 18th highs) ahead of 0.81 (August 13th highs) and the resistances set at 0.8270 (October 6th lows), 0.8313 (October 31st highs) followed by 0.8255 (October 11th highs). On hourly charts, the pair evidences trendless action the past two weeks with last week’s exception and jump to the 0.84 front. According to the FXstreet.com trend index, the pair is slightly bullish on one-hour timeframe analysis navigating above the EMA20.