21 Nov 2013
NZD/USD gives in 0.82, again
FXstreet.com (Chicago) - NZD/USD continues trading under high bearish pressure and revisits session lows below the 0.82 front. After falling from 0.8278 session highs, the pair extends the bearish channel that started last November 18th (forming double tops with last November 5th highs).
The job market results published in the US fueled the USD to strengthen across the board and the kiwi is not an exception at losing.
NZD/USD Technical Levels
Price action reveals the pair continues subdued on the greenback strengthening after better than expected US job market results. Around 10-day lows, a double pattern may be in formation is a reversal is consolidated and the immediate support is not broken. Offered at 0.8193, the pair oscillates between the supports aligned at 0.8192 (September 12th lows), 0.8155 (September 15th lows) followed by 0.8094 (October 30th lows) and the resistances aligned at 0.8230 (November 14th lows), 0.8267 (November 7th lows) followed by 0.83 (November 19th lows).
The job market results published in the US fueled the USD to strengthen across the board and the kiwi is not an exception at losing.
NZD/USD Technical Levels
Price action reveals the pair continues subdued on the greenback strengthening after better than expected US job market results. Around 10-day lows, a double pattern may be in formation is a reversal is consolidated and the immediate support is not broken. Offered at 0.8193, the pair oscillates between the supports aligned at 0.8192 (September 12th lows), 0.8155 (September 15th lows) followed by 0.8094 (October 30th lows) and the resistances aligned at 0.8230 (November 14th lows), 0.8267 (November 7th lows) followed by 0.83 (November 19th lows).