29 Jul 2013
NZD/USD capped below 0.8100 so far
FXstreet.com (Barcelona) - The NZD/USD foreign exchange rate is last trading at 0.8071 bids, around fresh session lows, off Friday's 1-month highs barely above the 0.81 handle, ahead of a expected quiet Asian session, with no risk events scheduled in the calendar.
NZD/USD strong resistance around 0.8180
“If you’re a die-hard USD bull then maybe NZD/USD might give you some joy,” said FXWW founder Sean Lee, adding: “The close above .8060 was undoubtedly short-term bullish but there is very healthy resistance in the form of a trend-line and a 50% retracement at .8180. Of course the trend-line/61.8% is one of my favourite signals but this one is usually fairly useful as well.”
NZD/USD key technical levels
Immediate support to the downside for NZD/USD lies at Friday's lows 0.8055, followed by Wednesday's highs at 0.8018, and July 19 highs at 0.7992. To the upside, closest resistance shows at Friday's/Thursday's 1-month highs 0.8105, followed by June 03 highs at 0.8120, and June 14 highs at 0.8140.
NZD/USD strong resistance around 0.8180
“If you’re a die-hard USD bull then maybe NZD/USD might give you some joy,” said FXWW founder Sean Lee, adding: “The close above .8060 was undoubtedly short-term bullish but there is very healthy resistance in the form of a trend-line and a 50% retracement at .8180. Of course the trend-line/61.8% is one of my favourite signals but this one is usually fairly useful as well.”
NZD/USD key technical levels
Immediate support to the downside for NZD/USD lies at Friday's lows 0.8055, followed by Wednesday's highs at 0.8018, and July 19 highs at 0.7992. To the upside, closest resistance shows at Friday's/Thursday's 1-month highs 0.8105, followed by June 03 highs at 0.8120, and June 14 highs at 0.8140.