23 Aug 2013
NZD/USD challenges 0.7800 handle
FXstreet.com (Barcelona) - NZDUSD is offered in the European markets in a continuation of the grind lower in Asia.
NZD/USD was ranging between a tight 0.7820 and 0.7860 in NA/Asia and has now broken the short term support of 0.7820 with 0.7730 in focus, the August low. Event wise, we will see US New Homes Sales in the afternoon, and on the open next week for New Zealand, June Trade Balance will come into focus.
NZD/USD testing support
NZD/USD is challenging the downside but approaching RSI 30 levels. The 20 DMA 7973, 50 DMA .7903, 200 DAM .8209. RSI (9) reads 34.41. Supports are ascending from .7670, .7737 and .7787. Spot is currently .78011 while resistances are .7849, .7865, .7918, .7940 and .7953
NZD/USD was ranging between a tight 0.7820 and 0.7860 in NA/Asia and has now broken the short term support of 0.7820 with 0.7730 in focus, the August low. Event wise, we will see US New Homes Sales in the afternoon, and on the open next week for New Zealand, June Trade Balance will come into focus.
NZD/USD testing support
NZD/USD is challenging the downside but approaching RSI 30 levels. The 20 DMA 7973, 50 DMA .7903, 200 DAM .8209. RSI (9) reads 34.41. Supports are ascending from .7670, .7737 and .7787. Spot is currently .78011 while resistances are .7849, .7865, .7918, .7940 and .7953