5 Nov 2013
NZD/USD drifts away from 0.83 front
FXstreet.com (Chicago) - NZD/USD loses momentum ahead of unemployment rate results and labor costs indexes in New Zealand. In the US, earlier results weakened the dollar against the kiwi although overall the dollar strengthens against the kiwi.
NZD/USD Technical Levels
Technically speaking, the pair is offered at 0.8292 and oscillates between the supports aligned at 0.8270 (October 25th lows), 0.8240 (October 10th lows) ahead of 0.82 (November 1st lows) and the resistances set at 0.8313 (October 31st highs), 0.8355 (October 23rd lows) followed by 0.84 (October 15th highs). Primary, secondary and short-term trends confirm the bullish momentum the kiwi is having mid-way through Tuesday’s journey in America. After reaching 2-week highs around the 0.8336 zone, the pair retraces progressively.
NZD/USD Technical Levels
Technically speaking, the pair is offered at 0.8292 and oscillates between the supports aligned at 0.8270 (October 25th lows), 0.8240 (October 10th lows) ahead of 0.82 (November 1st lows) and the resistances set at 0.8313 (October 31st highs), 0.8355 (October 23rd lows) followed by 0.84 (October 15th highs). Primary, secondary and short-term trends confirm the bullish momentum the kiwi is having mid-way through Tuesday’s journey in America. After reaching 2-week highs around the 0.8336 zone, the pair retraces progressively.