Back
8 Oct 2013
NZD/USD relentless to break through 0.83 front
FXstreet.com (Chicago) - NZD/USD attempts to consolidate above the 0.8290 zone but remains pulled down by bearish pressure pips away from the 0.83 key zone.
Amid a US shutdown that keeps equity markets in red, market participants get ready for the electronic card retail sales results in New Zealand at 21:45 GMT.
NZD/USD Technical Levels
Price action reveals a pair that remains on bullish mode supported by the primary and secondary trends. Breaking the shorter-term upward trendline since last October 1st, the pair finds grounds right below the EMA20. Offered at 0.8295, it navigates 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). The FXstreet.com trend index reports the pair as slightly bullish on one-hour timeframe analysis.
Amid a US shutdown that keeps equity markets in red, market participants get ready for the electronic card retail sales results in New Zealand at 21:45 GMT.
NZD/USD Technical Levels
Price action reveals a pair that remains on bullish mode supported by the primary and secondary trends. Breaking the shorter-term upward trendline since last October 1st, the pair finds grounds right below the EMA20. Offered at 0.8295, it navigates 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). The FXstreet.com trend index reports the pair as slightly bullish on one-hour timeframe analysis.