23 Aug 2013
NZD/USD stabilizes above 78.00
FXstreet.com (Barcelona) - The NZD/USD foreign exchange rate is last trading at 0.7830 bids, slightly lower for the session so far, off recent session highs at 0.7859, but little changed since previous Asia-Pacific open yesterday.
NZD/USD momentum in bears hands
“We have an offer at the 50 day MA / 0.79 big figure in case of a bounce from the 200 week MA where price is currently hovering,” said IFRMarkets analysts, on hopes the pair will revisit the 0.77 lows area “in coming days.” IFRMarkets argues a close above the 50 day SMA that sits around the 0.79 round would change their view. Kiwi is down -3.34% for the week so far, worst week since early June.
NZD/USD key technical levels
Immediate support to the downside for NZD/USD lies at recent session lows 0.7817, followed by yesterday's fresh 2-week lows at 0.7804, and July 10 lows at 0.7780. To the upside, closest resistance shows at July 17 lows 0.7839, followed by recent session highs at 0.7859, and yesterday's highs at 0.7874.
NZD/USD momentum in bears hands
“We have an offer at the 50 day MA / 0.79 big figure in case of a bounce from the 200 week MA where price is currently hovering,” said IFRMarkets analysts, on hopes the pair will revisit the 0.77 lows area “in coming days.” IFRMarkets argues a close above the 50 day SMA that sits around the 0.79 round would change their view. Kiwi is down -3.34% for the week so far, worst week since early June.
NZD/USD key technical levels
Immediate support to the downside for NZD/USD lies at recent session lows 0.7817, followed by yesterday's fresh 2-week lows at 0.7804, and July 10 lows at 0.7780. To the upside, closest resistance shows at July 17 lows 0.7839, followed by recent session highs at 0.7859, and yesterday's highs at 0.7874.