8 Jul 2013
NZD/USD trading at resistance
FXstreet.com (New York) - The NZD/USD foreign exchange rate breached the 0.7800 region Monday, having now summited the key barrier during US trading.
NZD/USD stabilizes above 0.7800 level
In these moments, the NZD/USD technical pair is up +1.45%, having moved towards 0.7812. In terms of the technical levels, the Danske Research Team points to 0.7810 (current levels), then 0.7861, and finally 0.7894 (previous resistances at 0.7765 were shattered).
NZD/USD negative expectations reinforced
According to the Technical Analyst Team at ICN.com, “The NZD/USD is facing difficulties in stabilizing below 0.7715 represented in 78.6% of the upside wave that started from 0.7454 and topped at 0.8678. Trading within the descending channel forces us to hold on to our general negative expectations, pointing out that trading below 0.7925 will be considered negative this week.”
NZD/USD stabilizes above 0.7800 level
In these moments, the NZD/USD technical pair is up +1.45%, having moved towards 0.7812. In terms of the technical levels, the Danske Research Team points to 0.7810 (current levels), then 0.7861, and finally 0.7894 (previous resistances at 0.7765 were shattered).
NZD/USD negative expectations reinforced
According to the Technical Analyst Team at ICN.com, “The NZD/USD is facing difficulties in stabilizing below 0.7715 represented in 78.6% of the upside wave that started from 0.7454 and topped at 0.8678. Trading within the descending channel forces us to hold on to our general negative expectations, pointing out that trading below 0.7925 will be considered negative this week.”