15 Nov 2013
NZD/USD, 100 pips stronger this week
FXstreet.com (Chicago) - NZD/USD remains strong ahead of Wall Street’s closing accumulating over 100 pips gained so far.
Data recap, gains
Price action reveals the pair manages to sustain performance and maintain 0.69% daily gains ahead of Wall Street’s closing. Accumulating 1.05% in gains this week, the pair positions itself as the biggest daily gainer today and third winner behind the pound and yen majors. On intraday, short-term and longer term tendencies, a clear bullish support is evidenced.
NZD/USD Technical Levels
Technically speaking, the pair is offered at 0.8328 and oscillates between the supports aligned at 0.8297 (November 14th highs), 0.8230 (November 14th lows) ahead of 0.8166 (November 13th lows) and the resistances set at 0.8347 (November 7th highs), 0.8396 (November 7th highs) followed by 0.8443 (October 24th highs). According to the FXstreet.com trend index, the pair is slightly bullish on one-hour timeframe analysis and oscillates above the EMA20.
Data recap, gains
Price action reveals the pair manages to sustain performance and maintain 0.69% daily gains ahead of Wall Street’s closing. Accumulating 1.05% in gains this week, the pair positions itself as the biggest daily gainer today and third winner behind the pound and yen majors. On intraday, short-term and longer term tendencies, a clear bullish support is evidenced.
NZD/USD Technical Levels
Technically speaking, the pair is offered at 0.8328 and oscillates between the supports aligned at 0.8297 (November 14th highs), 0.8230 (November 14th lows) ahead of 0.8166 (November 13th lows) and the resistances set at 0.8347 (November 7th highs), 0.8396 (November 7th highs) followed by 0.8443 (October 24th highs). According to the FXstreet.com trend index, the pair is slightly bullish on one-hour timeframe analysis and oscillates above the EMA20.