29 Jul 2013
NZD/USD holds above 0.8000
FXstreet.com (Córdoba) - Antipodean currencies came under pressure and slumped during the American session as risk aversion intensified, with the NZD/USD falling to 4-day lows.
NZD/USD hits 4-day low
NZD/USD broke below the 0.8050 zone, triggering stops and stretching to its lowest level since Thursday at 0.8010 before finding support and settling in a range. At time of writing, NZD/USD is trading at the 0.8020 area, where it records a 0.6% loss on the day.
NZD/USD technical levels
In terms of technical levels, NZD/USD could face immediate support levels at 0.8010 (daily low) and 0.8000 (psychological level) and 0.7975 (200-hour SMA), while resistances are seen at 0.8055 (Jul 26 low) and 0.8100/05 (psychological level/Jul 25 high).
NZD/USD hits 4-day low
NZD/USD broke below the 0.8050 zone, triggering stops and stretching to its lowest level since Thursday at 0.8010 before finding support and settling in a range. At time of writing, NZD/USD is trading at the 0.8020 area, where it records a 0.6% loss on the day.
NZD/USD technical levels
In terms of technical levels, NZD/USD could face immediate support levels at 0.8010 (daily low) and 0.8000 (psychological level) and 0.7975 (200-hour SMA), while resistances are seen at 0.8055 (Jul 26 low) and 0.8100/05 (psychological level/Jul 25 high).