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17 Jun 2013
NZD/USD unable to retest 0.8100 level
FXstreet.com (New York) - The NZD/USD foreign exchange rate has been rescinding its gains throughout the European session following overnight highs at 0.8101.
Indicator releases have been few and far between today, however in the United States, the NY Empire State Manufacturing Index (June) came in at 7.84, vs. projections of 0.0.
NZD/USD eyes initial target of 0.8210
“The NZD/USD pair's stability above 0.8065 is a positive event, helping boost bullishness throughout the week – the initial level that the pair will likely test is 0.8210. Note that the proposed potential positive trades for this week require the pair to stabilize above 0.7985 in order to remain valid” notes the Technical Analyst team at ICN.com.
At the time of writing, the NZD/USD technical pair is operating at 0.80769, up +0.17% during US trading. The Mataf.net analyst team points to the propensity for short-term resistances at 0.8131, then 0.8187, and finally 0.8236. On the decline, supportive measures are found at 0.8026, then 0.7977, and ultimately 0.7921.
Indicator releases have been few and far between today, however in the United States, the NY Empire State Manufacturing Index (June) came in at 7.84, vs. projections of 0.0.
NZD/USD eyes initial target of 0.8210
“The NZD/USD pair's stability above 0.8065 is a positive event, helping boost bullishness throughout the week – the initial level that the pair will likely test is 0.8210. Note that the proposed potential positive trades for this week require the pair to stabilize above 0.7985 in order to remain valid” notes the Technical Analyst team at ICN.com.
At the time of writing, the NZD/USD technical pair is operating at 0.80769, up +0.17% during US trading. The Mataf.net analyst team points to the propensity for short-term resistances at 0.8131, then 0.8187, and finally 0.8236. On the decline, supportive measures are found at 0.8026, then 0.7977, and ultimately 0.7921.