12 Nov 2013
NZD/USD falls to unbearable pressure; 0.8214 grounds
FXstreet.com (Chicago) - NZD/USD continues trading within initially set boundaries but a strong 39 pips fall reveals heavy selling pressure as the greenback strengthens.
NZD/USD Technical Levels
Technically speaking, the pair is offered at 0.8219 and oscillates between the supports aligned at 0.82 (October 31st lows), 0.8140 (August 18th highs) ahead of 0.81 (August 13th highs) and the resistances set at 0.8270 (October 6th lows), 0.8313 (October 31st highs) followed by 0.8255 (October 11th highs). Price action reveals a strong fall for a 0.39% retracement so far. According to the FXstreet.com trend index, the pair is slightly bearish on one-hour timeframe analysis flowing below the EMA20.
NZD/USD Technical Levels
Technically speaking, the pair is offered at 0.8219 and oscillates between the supports aligned at 0.82 (October 31st lows), 0.8140 (August 18th highs) ahead of 0.81 (August 13th highs) and the resistances set at 0.8270 (October 6th lows), 0.8313 (October 31st highs) followed by 0.8255 (October 11th highs). Price action reveals a strong fall for a 0.39% retracement so far. According to the FXstreet.com trend index, the pair is slightly bearish on one-hour timeframe analysis flowing below the EMA20.