3 Jul 2013
NZD/USD stabilizes after recent losses
FXstreet.com (New York) - The NZD/USD foreign exchange rate rebounded off earlier lows at the 0.7740 level, tepidly rising during Asian trading.
NZD/USD sideways trading
In these moments, the NZD/USD is currently settled at 0.7752, incurring a marginal advance of +0.01%. Technically speaking, Danske Research Team calculates the next resistive means at 0.7831, onto 0.7861. On the pullback, the NZD/USD will encounter supports at 0.7744, then 0.7726, and finally 0.7683.
NZD/USD neutrality amidst mixed signals
According to the Technical Analyst Team at ICN.com, “The NZD/USD is hesitant at the descending resistance of the potential falling wedge reversal pattern as shown on the four-hour chart above, a break above this falling wedge will be an initial bullish breakout signal. Accordingly, the bullish scenario is not confirmed yet, and thus we remain neutral.”
NZD/USD sideways trading
In these moments, the NZD/USD is currently settled at 0.7752, incurring a marginal advance of +0.01%. Technically speaking, Danske Research Team calculates the next resistive means at 0.7831, onto 0.7861. On the pullback, the NZD/USD will encounter supports at 0.7744, then 0.7726, and finally 0.7683.
NZD/USD neutrality amidst mixed signals
According to the Technical Analyst Team at ICN.com, “The NZD/USD is hesitant at the descending resistance of the potential falling wedge reversal pattern as shown on the four-hour chart above, a break above this falling wedge will be an initial bullish breakout signal. Accordingly, the bullish scenario is not confirmed yet, and thus we remain neutral.”