10 Feb 2014
NZD/USD remains near 0.8300
FXStreet (Córdoba) - The NZD/USD opened the week slightly lower but continues near 0.8300. Early in Asia is trading at 0.8282, rising more than 50 pips on Friday, on the back of a weak NFP report.
NZD/USD eyeing 0.8300
Last week the NZD/USD rallied sharply, rising almost 200 pips from 0.8050; and rose after falling in the previous three weeks. The rally so far was capped near 0.8300 but the pair continues to trade near that level. Above 0.8300, immediate resistance lies at 0.8345 (January 22 high), 0.8365 and 0.8390 (January 13 high).
To the downside support levels might lie at 0.8260 (American session low), 0.8210 and 0.8180. On a wider view, a key support continued to lie at the 0.8050 where last week lows lie.
NZD/USD eyeing 0.8300
Last week the NZD/USD rallied sharply, rising almost 200 pips from 0.8050; and rose after falling in the previous three weeks. The rally so far was capped near 0.8300 but the pair continues to trade near that level. Above 0.8300, immediate resistance lies at 0.8345 (January 22 high), 0.8365 and 0.8390 (January 13 high).
To the downside support levels might lie at 0.8260 (American session low), 0.8210 and 0.8180. On a wider view, a key support continued to lie at the 0.8050 where last week lows lie.