5 Sep 2013
NZD/USD holding 0.7880
FXstreet.com (London) - NZD/USD found support sub 0.7800 and has climbed to 0.7916 before it found new offers to bring the pair sub the 0.7900 handle again.
“The downtrend could reassert itself for a slide (triggered below 0.7765) to test 0.7600 and potentially last year’s 0.7450-60 low. A push above 0.7920 may reduce the downside risk, but would merely leave NZD/USD within a corrective trading range”. – said Tim Riddell
NZD/USD levels
The 20 DMA is .7910, the 50 DMA is .7893 ad the 200 DMA is .8192. RSI (14) 51.46 while supports are .7790, .7839, .7852, Spot is currently .7878. Resistances are .7895, .7943, .7982, .7995 and .8060.
“The downtrend could reassert itself for a slide (triggered below 0.7765) to test 0.7600 and potentially last year’s 0.7450-60 low. A push above 0.7920 may reduce the downside risk, but would merely leave NZD/USD within a corrective trading range”. – said Tim Riddell
NZD/USD levels
The 20 DMA is .7910, the 50 DMA is .7893 ad the 200 DMA is .8192. RSI (14) 51.46 while supports are .7790, .7839, .7852, Spot is currently .7878. Resistances are .7895, .7943, .7982, .7995 and .8060.