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17 Jun 2013
NZD/USD extends decline to trade below 0.8000
FXstreet.com (San Francisco) - The NZD/USD decline from 0.8100 area has continued throughout the American Session and currently it is testing the 0.8000 area with a fresh daily low at 0.7995.
US data came better than expected and support USD gains as NY Empire State manufacturing index rose to +7.84 in June, well above expectations of 0.00 and the best figure since March. NAHB housing index improved to 52 from 44, above 45 points expected too.
NZD/USD is Slightly Bearish while fighting 0.8000
The NZD/USD is trading right now at 0.8000, 0.63% negative on the day. Short term perspective is slightly bearish according to the FXstreet.com trend index in the 15-minute chart. Indicators such as MACD, CCI and Momentum are pointing to the south while the Stochastic is bullish.
Below the 0.8000 level, next supports are at 0.7965 and the 200 hours MA at 0.7955. On the upside, supports come at 0.8035, 0.8100 and June 14 high at 0.8135.
US data came better than expected and support USD gains as NY Empire State manufacturing index rose to +7.84 in June, well above expectations of 0.00 and the best figure since March. NAHB housing index improved to 52 from 44, above 45 points expected too.
NZD/USD is Slightly Bearish while fighting 0.8000
The NZD/USD is trading right now at 0.8000, 0.63% negative on the day. Short term perspective is slightly bearish according to the FXstreet.com trend index in the 15-minute chart. Indicators such as MACD, CCI and Momentum are pointing to the south while the Stochastic is bullish.
Below the 0.8000 level, next supports are at 0.7965 and the 200 hours MA at 0.7955. On the upside, supports come at 0.8035, 0.8100 and June 14 high at 0.8135.