18 Jul 2013
NZD/USD supported 0.7860
FXstreet.com (Barcelona) - NZD/USD has failed to hold 0.7900 and is resuming the downside in European markets to test support 0.7860.
The ANZ consumer confidence index eased overnight to 119.8 in July, from 123.9, but remained at a high level. The pair has been performing well but remaining in a 0.7320/0.7920 range. Meanwhile US Initial Jobless Claims (Jul 12) just came in at 334k against a consensus of 345K and continuing Jobless Claims (Jul6) increased to 3.114M from 3.023m and a consensus of 2.959m.
NZD/USD targets support
NZD/USD is approaching the descending resistance broadly speaking, although currently indicators offer a negative bias short term. The support areas are favoured for the mean time so long as 0.7940 remains to the top side of the range.
The ANZ consumer confidence index eased overnight to 119.8 in July, from 123.9, but remained at a high level. The pair has been performing well but remaining in a 0.7320/0.7920 range. Meanwhile US Initial Jobless Claims (Jul 12) just came in at 334k against a consensus of 345K and continuing Jobless Claims (Jul6) increased to 3.114M from 3.023m and a consensus of 2.959m.
NZD/USD targets support
NZD/USD is approaching the descending resistance broadly speaking, although currently indicators offer a negative bias short term. The support areas are favoured for the mean time so long as 0.7940 remains to the top side of the range.