22 Nov 2013
NZD/USD consolidating reversal?
FXstreet.com (Chicago) - NZD/USD seems to print higher highs and lows and positions itself above the 0.8220 zone ahead of Tokyo’s opening.
Earlier in the US, the dollar strengthened on job market results and Fed’s members comments about the state of the economy in the country. In NZ, visitor arrivals (YoY) were published recently at 5.8% vs. past 6.7%.
NZD/USD Technical Levels
Technically speaking, the pair is offered at 0.8219 and attempts to consolidate a reversal after trading downward throughout the week. The pair reaches the 0.8220 zone but is unable to sustain performance. On the downside, supports are aligned at 0.8192 (September 12th lows), 0.8155 (September 15th lows) followed by 0.8094 (October 30th lows) and the resistances aligned at 0.8230 (November 14th lows), 0.8267 (November 7th lows) followed by 0.83 (November 19th lows). According to the FXstreet.com trend index on one-hour timeframe analysis the pair is slightly bearish on one-hour timeframe analysis and continues trading below the EMA20.
Earlier in the US, the dollar strengthened on job market results and Fed’s members comments about the state of the economy in the country. In NZ, visitor arrivals (YoY) were published recently at 5.8% vs. past 6.7%.
NZD/USD Technical Levels
Technically speaking, the pair is offered at 0.8219 and attempts to consolidate a reversal after trading downward throughout the week. The pair reaches the 0.8220 zone but is unable to sustain performance. On the downside, supports are aligned at 0.8192 (September 12th lows), 0.8155 (September 15th lows) followed by 0.8094 (October 30th lows) and the resistances aligned at 0.8230 (November 14th lows), 0.8267 (November 7th lows) followed by 0.83 (November 19th lows). According to the FXstreet.com trend index on one-hour timeframe analysis the pair is slightly bearish on one-hour timeframe analysis and continues trading below the EMA20.