NZD/USD stabilizes above 0.7800 level

FXstreet.com (New York) - The NZD/USD technical pair has stabilized above the 0.7800 level during Asian trading.

NZD/USD static near opening levels

The NZD/USD is presently trading at 0.7822, having slid -0.02% above its opening. The Mataf.net analyst team has identified supportive means at 0.7648, ahead of 0.7638, and 0.7539. On the ascension, the NZD/USD will encounter resistances at 0.7868 and 0.7914.

NZD/USD further strength needed to confirm uptrend

According to Technical Analyst Team at ICN.com, “The NZD/USD RSI is showing a bullish divergence, supporting the bullish rebound scenario, however we prefer to wait for a break above 0.7850 to confirm a move higher for the week.”

Flash: NZD and AUD outperforming – BNZ

According to the BNZ Research Team, “The NZD has started the week on the front foot - indeed, the NZD and AUD have outperformed over the past 24 hours, as a string of encouraging economic data has reinvigorated equity and commodity markets.”
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What happened? The EUR/USD hasn't destroyed the 1.3000 yet

After testing the 1.3000 area in the last four sessions, the EUR/USD hasn’t been able to break down the 1.3000 key level. In addition, the EUR/USD traded 0.38% higher in the first day of the 2dn half of 2013 to close at 1.3060 and Goldman Sachs recommended traders to go long to 1.3500.
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