22 Oct 2013
NZD/USD on corrective leg above 0.8515
FXstreet.com (Chicago) - NZD/USD prints 0.72% daily gains at the closing of an American trading session with wins after mixed results in the equities markets yesterday. Poor US data contributed to the decay of the USD throughout the day.
Wall Street
Wall Street closed with gains after a mixed session yesterday with the Dow up 0.49%, the Nasdaq up 0.24% and the S&P 500 up 0.57%. The dollar was baffled by weak data in the country ahead of Australian results with potential effects on the pair.
NZD/USD Technical Levels
Price action reveals a parallel movement at the closing of Wall Street after the pair fell from0.8546 highs to find grounds around the 0.8510 zone. After having primary and secondary trends diverging, the market participants seem to agree on bullish momentum. Offered at 0.8514, the pair oscillates between the supports aligned at 0.8436 (October 15th lows), 0.84 (October 14th highs) ahead of 0.8358 (October 16th lows) and the resistances set at 0.8526 (October 17th highs), 0.8554 (October 15th highs), 0.8588 (April 29th highs).
Wall Street
Wall Street closed with gains after a mixed session yesterday with the Dow up 0.49%, the Nasdaq up 0.24% and the S&P 500 up 0.57%. The dollar was baffled by weak data in the country ahead of Australian results with potential effects on the pair.
NZD/USD Technical Levels
Price action reveals a parallel movement at the closing of Wall Street after the pair fell from0.8546 highs to find grounds around the 0.8510 zone. After having primary and secondary trends diverging, the market participants seem to agree on bullish momentum. Offered at 0.8514, the pair oscillates between the supports aligned at 0.8436 (October 15th lows), 0.84 (October 14th highs) ahead of 0.8358 (October 16th lows) and the resistances set at 0.8526 (October 17th highs), 0.8554 (October 15th highs), 0.8588 (April 29th highs).