11 Jul 2013
NZD/USD still limited below 0.7900
FXstreet.com (Barcelona) - The NZD/USD foreign exchange rate is last trading near 0.7850 bids, spiking violently from recent late NY session lows at 0.7777 following FED Bernanke's comments.
NZD/USD strong resistance at 0.7900
According to FX Charts analyst Jim Langlands, the Kiwi “remains within the channel where resistance at 0.7895/0.7900 should prove strong although if we break above the Fibo resistance at 0.7910, we could see a fairly sharp rise towards 0.8000.”
NZD/USD key technical levels
Immediate resistance to the upside for NZD/USD shows at Tuesday's weekly highs 0.7885, followed by June 02 lows at 0.7933, and June 18 lows at 0.7943. To the downside, closest support lies at June 10 lows 0.7808, followed by mentioned NY session lows at 0.7777, and June 20 lows at 0.7713.
NZD/USD strong resistance at 0.7900
According to FX Charts analyst Jim Langlands, the Kiwi “remains within the channel where resistance at 0.7895/0.7900 should prove strong although if we break above the Fibo resistance at 0.7910, we could see a fairly sharp rise towards 0.8000.”
NZD/USD key technical levels
Immediate resistance to the upside for NZD/USD shows at Tuesday's weekly highs 0.7885, followed by June 02 lows at 0.7933, and June 18 lows at 0.7943. To the downside, closest support lies at June 10 lows 0.7808, followed by mentioned NY session lows at 0.7777, and June 20 lows at 0.7713.