31 Jul 2013
NZD/USD edges above 0.800 key psychological resistance
FXstreet (Chicago) – NZD/USD soared above 0.8000 key psychological resistance on FOMC decision to maintain interest rates.
Price action indicated the New Zealand dollar continued to climb against the greenback after Fed’s remarks to keep 0.25% interest rates despite earlier positive job data leading pair to 0.7932 lows.
The FXstreet.com studies reported pair as slightly bullish as it had broken key resistance at 1.7991 (July 30 highs), and second psychological resistance at 0.8000 (July 23 highs). At moment of writing the pair traded at 0.8011 after retracing from 0.8015 intraday high. Accumulating 0.33% since opening, the MACD indicator pointed up along with the CCI technical indicator.
Price action indicated the New Zealand dollar continued to climb against the greenback after Fed’s remarks to keep 0.25% interest rates despite earlier positive job data leading pair to 0.7932 lows.
The FXstreet.com studies reported pair as slightly bullish as it had broken key resistance at 1.7991 (July 30 highs), and second psychological resistance at 0.8000 (July 23 highs). At moment of writing the pair traded at 0.8011 after retracing from 0.8015 intraday high. Accumulating 0.33% since opening, the MACD indicator pointed up along with the CCI technical indicator.