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27 Aug 2013
NZD/USD unable to snap back above 0.78 zone
FXstreet.com (Chicago) - NZD/USD continues struggling to get back above 0.78 zone prior to the closing of the American trading session despite rising concerns that have weakened the greenback on potential retaliation after Syrian attack to civil population last week.
Weaker Performance
The kiwi strengthened throughout the American trading session on concerns about US attack to Syria after strong remarks by the US Secretary of State John Kerry but bears maintain pressure down, impeding price to surpass 0.78 zone. In Wall Street, the indexes lost, following Asia’s pace after red performance on Tuesday. The Dow was down 1.14%, the Nasdaq 2.16% and the S&P500 printed 1.59% losses.
NZD/USD Technical Levels
Accumulating 0.67% daily losses, the pair trades at 0.7795 between supports at 0.7796 (August 22nd lows), 0.7777 (July 10th lows) ahead of 0.7759 (August 23rd lows) and resistances at 0.7820 (August 23rd highs), 0.7847 (August 22nd highs) followed by 0.7879, (August 6th lows).
Weaker Performance
The kiwi strengthened throughout the American trading session on concerns about US attack to Syria after strong remarks by the US Secretary of State John Kerry but bears maintain pressure down, impeding price to surpass 0.78 zone. In Wall Street, the indexes lost, following Asia’s pace after red performance on Tuesday. The Dow was down 1.14%, the Nasdaq 2.16% and the S&P500 printed 1.59% losses.
NZD/USD Technical Levels
Accumulating 0.67% daily losses, the pair trades at 0.7795 between supports at 0.7796 (August 22nd lows), 0.7777 (July 10th lows) ahead of 0.7759 (August 23rd lows) and resistances at 0.7820 (August 23rd highs), 0.7847 (August 22nd highs) followed by 0.7879, (August 6th lows).