19 Nov 2013
NZD/USD gatekeeper at 0.8360 front
FXstreet.com (Chicago) - NZD/USD prints higher highs and lows but remains capped below the 0.8360 zone.
Earlier in NZ, the RBNZ inflation expectations were 2.3% vs. prior 2.4%. In the US, the Redbook indexes were released with little effect on the pair’s price action.
NZD/USD Technical Levels
Technically speaking, the pair navigates around the 23.6% Fibonacci level (0.8165/ 0.84) after stalling post retracement from 0.8374 session highs. Offered at 0.8344, the pair navigates between the supports aligned at 0.83 (November 19th lows), 0.8267 (November 15th lows) ahead of 0.8230 (November 14th lows) and the resistances set at 0.8371 (session highs), 0.8414 (November 6th highs) followed by 0.8446 (October 22nd highs). According to the FXstreet.com trend index on one-hour timeframe analysis, the pair is neutral navigating above the EMA20.
Earlier in NZ, the RBNZ inflation expectations were 2.3% vs. prior 2.4%. In the US, the Redbook indexes were released with little effect on the pair’s price action.
NZD/USD Technical Levels
Technically speaking, the pair navigates around the 23.6% Fibonacci level (0.8165/ 0.84) after stalling post retracement from 0.8374 session highs. Offered at 0.8344, the pair navigates between the supports aligned at 0.83 (November 19th lows), 0.8267 (November 15th lows) ahead of 0.8230 (November 14th lows) and the resistances set at 0.8371 (session highs), 0.8414 (November 6th highs) followed by 0.8446 (October 22nd highs). According to the FXstreet.com trend index on one-hour timeframe analysis, the pair is neutral navigating above the EMA20.