15 Oct 2013
NZD/USD on trading range around 0.8350 zone
FXstreet.com (Chicago) - NZD/USD retraced from session highs at 0.8380 and prints lower highs and lows ahead of Tokyo’s opening and amid talks in Washington.
Ongoing talks
Uncertainty continues in the US despite US senate apparent intentions to reopen the government and solve the debt ceiling issue. In New Zealand, consumer price indexes are expected later in the day while the American country expects Redbook index data along Fed’s speeches.
NZD/USD Technical Levels
Technically speaking, the pair is offered at 0.8352 and oscillates between supports aligned at 0.8277 (October 7th lows), 0.8233 (October 10th lows) ahead of 0.8191 (October 1st lows) and the resistances set at 0.8353 (October 4th highs), 0.8390 (September 22nd highs) followed by 0.8430 (September 18th highs). Dropping below immediate support, now resistance, the pair extends the bearish short-term channel after retracement from 0.8370 zone.
Ongoing talks
Uncertainty continues in the US despite US senate apparent intentions to reopen the government and solve the debt ceiling issue. In New Zealand, consumer price indexes are expected later in the day while the American country expects Redbook index data along Fed’s speeches.
NZD/USD Technical Levels
Technically speaking, the pair is offered at 0.8352 and oscillates between supports aligned at 0.8277 (October 7th lows), 0.8233 (October 10th lows) ahead of 0.8191 (October 1st lows) and the resistances set at 0.8353 (October 4th highs), 0.8390 (September 22nd highs) followed by 0.8430 (September 18th highs). Dropping below immediate support, now resistance, the pair extends the bearish short-term channel after retracement from 0.8370 zone.