9 Oct 2013
NZD/USD struggles to hang on to 0.83
FXstreet.com (Chicago) - NZD/USD struggles to maintain the 0.83 zone after being rejected around the 0.8315 zone minutes away from the Wall Street closing.
Data and White House announcements
Last night, the White House announced Yellen as the successor of Bernanke for the Chairman post at the Fed. Recently, the House also announced the potential ending of the government shutdown with important meetings coming in tomorrow between Boehner and republican representatives. On weaker than expected data released last night, the pair stumbled but emerged from bottoms to print 0.19% daily gains so far.
NZD/USD Technical Levels
Price action reveals lower highs after the pair jumped to 0.8321 session highs. Nonetheless, after testing the 0.8280 zone, the pair regained 0.83 and struggles to maintain the 0.83 zone. Offered at 0.8302, it oscillates between supports aligned at 0.8270 (October 7th lows), 0.8245 (September 27th lows) ahead of 0.8215 (September 25th lows) and the resistances set at 0.8319 (October 3rd highs), 0.8343 (October 1st highs) followed by 0.8363 (September 23rd lows). According to the FXstreet.com trend index, the pair is slightly bullish on one-hour timeframe analysis above the EMA20.
Data and White House announcements
Last night, the White House announced Yellen as the successor of Bernanke for the Chairman post at the Fed. Recently, the House also announced the potential ending of the government shutdown with important meetings coming in tomorrow between Boehner and republican representatives. On weaker than expected data released last night, the pair stumbled but emerged from bottoms to print 0.19% daily gains so far.
NZD/USD Technical Levels
Price action reveals lower highs after the pair jumped to 0.8321 session highs. Nonetheless, after testing the 0.8280 zone, the pair regained 0.83 and struggles to maintain the 0.83 zone. Offered at 0.8302, it oscillates between supports aligned at 0.8270 (October 7th lows), 0.8245 (September 27th lows) ahead of 0.8215 (September 25th lows) and the resistances set at 0.8319 (October 3rd highs), 0.8343 (October 1st highs) followed by 0.8363 (September 23rd lows). According to the FXstreet.com trend index, the pair is slightly bullish on one-hour timeframe analysis above the EMA20.