20 Jan 2014
NZD/USD hits fresh 1-week lows under 0.8250
FXstreet.com (Córdoba) - The NZD/USD continues under selling pressure early in Asia and recently fell to 0.8241 reaching the lowest price since January 10, extending the retracement from levels on top of 0.8400.
China will release important economic reports at 02:00 GMT that could impact the market, particularity AUD and NZD.
Levels to watch for the NZD/USD
The short-term outlook continues to be biased to the downside, as the pair continues to break supports. At the moment of trading it attempting to consolidate below 0.8250. To the downside support levels lie at 0.8230 (January 2 high, January 9 low) and 0.8195 (December 27 high). To the upside resistance could be located at 0.8280 (Friday's American session high), 0.8310 and 0.8335.
China will release important economic reports at 02:00 GMT that could impact the market, particularity AUD and NZD.
Levels to watch for the NZD/USD
The short-term outlook continues to be biased to the downside, as the pair continues to break supports. At the moment of trading it attempting to consolidate below 0.8250. To the downside support levels lie at 0.8230 (January 2 high, January 9 low) and 0.8195 (December 27 high). To the upside resistance could be located at 0.8280 (Friday's American session high), 0.8310 and 0.8335.