20 Nov 2013
NZD/USD limited at 0.8370 double-tops
FXstreet.com (Chicago) - NZD/USD extended the bullish movement after the closing of Wall Street and ahead of Bernanke’s speech in a couple of hours.
NZ facts were released recently evidencing an improvement in the PPIs results for Q3. Later on, Bernanke will talk on a speech scheduled at 00:00 GMT right before Chinese releases.
NZD/USD Technical Levels
Technically speaking, the pair is offered at 0.8362 and oscillates between the supports aligned at 0.83 (November 19th lows), 0.8267 (November 15th lows) ahead of 0.8230 (November 14th lows) and the resistances set at 0.8371 (session highs), 0.8414 (November 6th highs) followed by 0.8446 (October 22nd highs). On longer-term perspectives, the rally is backed up by primary and secondary trends.
NZ facts were released recently evidencing an improvement in the PPIs results for Q3. Later on, Bernanke will talk on a speech scheduled at 00:00 GMT right before Chinese releases.
NZD/USD Technical Levels
Technically speaking, the pair is offered at 0.8362 and oscillates between the supports aligned at 0.83 (November 19th lows), 0.8267 (November 15th lows) ahead of 0.8230 (November 14th lows) and the resistances set at 0.8371 (session highs), 0.8414 (November 6th highs) followed by 0.8446 (October 22nd highs). On longer-term perspectives, the rally is backed up by primary and secondary trends.