NZD/USD hits 0.83 ceiling; retraces

FXstreet.com (Chicago) - NZD/USD reached 0.8303 weekly highs but retraced below the 0.83 zone immediately ahead of Tokyo’s opening and after the release of a US budget lower than expected. On other fronts, Yellen was rather dovish on public speech stating the economy still has improvements to be made before any tapering.

NZD/USD Technical Levels

Technically speaking, the pair is offered at 0.8285 and oscillates between the supports aligned at 0.8270 (October 29th highs), 0.82 (October 30th lows) ahead of 0.8140 (August 16th highs) and the resistances aligned at 0.8313 (November 4th highs), 0.8355 (November 7th lows) followed by 0.8410 (November 6th highs). According to the FXstreet.com trend index, the pair is slightly bullish on one-hour timeframe analysis navigating above the EMA20.

Nov 14, 2013

AUD/USD trades above 0.9350 on dovish chairwoman

The Aussie is currently trading higher against the US Dollar as nominated chairwoman Yellen said US must improve more before starting taper. The AUD/USD advanced around 50 pips in matter of minutes from 0.9320 to reach a high of 0.9370.

NZD/USD hits 0.83 ceiling before retracing

NZD/USD reached 0.8303 weekly highs but retraced below the 0.83 zone immediately ahead of Tokyo’s opening and after the release of a US budget lower than expected. On other fronts, Yellen was rather dovish on public speech stating the economy still has improvements to be made before any tapering.