29 Aug 2013
NZD/USD on the upper side amidst Syria tensions
FXstreet.com (Athens) - The NZD/USD is heading upwards on the European trading session, despite the dismal NZD confidence data and amidst Syria jitters.
The NZD/USD higher as Syria’s jitters stand ‘on the back-burner’ for a while
The NZD/USD is moving upwards during Thursday’s session opening, despite the consumer confidence in New Zealand released much weaker than expected. What’s more, what investors might bear in mind, is that today as Obama becomes much softer on Syria’s issue, markets will probably switch the attention back to economic data; nonetheless, there is a strong likelihood that rumors and counter-rumors of imminent military action will continue to predominate.
Technical outlook on NZD/USD
At the time of writing, the pair is trading at 0.7815 area, up 0.23%, The FXstreet.com Trend Index shows the pair to be slightly bullish. Daily pivot point support can be found at 0.7733, 0.7713, 0.7694 and resistance at 0.7831, 0.7850 and 0.7870, respectively.
The NZD/USD higher as Syria’s jitters stand ‘on the back-burner’ for a while
The NZD/USD is moving upwards during Thursday’s session opening, despite the consumer confidence in New Zealand released much weaker than expected. What’s more, what investors might bear in mind, is that today as Obama becomes much softer on Syria’s issue, markets will probably switch the attention back to economic data; nonetheless, there is a strong likelihood that rumors and counter-rumors of imminent military action will continue to predominate.
Technical outlook on NZD/USD
At the time of writing, the pair is trading at 0.7815 area, up 0.23%, The FXstreet.com Trend Index shows the pair to be slightly bullish. Daily pivot point support can be found at 0.7733, 0.7713, 0.7694 and resistance at 0.7831, 0.7850 and 0.7870, respectively.