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13 Sep 2013
NZD/USD bounces after fall below 0.8100
FXstreet.com (Lisbon) - The NZD/USD foreign exchange rate recovered after a brief tumble below the 0.8100 level Friday, which invigorated the pair during European trading.
NZD/USD technical levels
At this juncture, the NZD/USD has moved to the 0.8150 level, establishing fresh highs in these moments as the pair notches a meager +0.07% gain. Glancing at the technicals, the NZD/USD advance will be met with means of calculated resistance at 0.8165, onto 0.8173, and 0.8213, suggests the Danske Research Team.
NZD/USD strategic bias
According to the Technical Analyst Team at ICN.com, “The NZD/USD retreated from the key resistance and pivotal resistance, where the 200-day SMA resides as well around 0.8150. Despite the strong bias, a pullback is likely as momentum indicators are showing further signs of weakness over the shorter time intervals. Overall, we prefer to remain neutral at the current levels, and look to long the pair from lower levels.”
NZD/USD technical levels
At this juncture, the NZD/USD has moved to the 0.8150 level, establishing fresh highs in these moments as the pair notches a meager +0.07% gain. Glancing at the technicals, the NZD/USD advance will be met with means of calculated resistance at 0.8165, onto 0.8173, and 0.8213, suggests the Danske Research Team.
NZD/USD strategic bias
According to the Technical Analyst Team at ICN.com, “The NZD/USD retreated from the key resistance and pivotal resistance, where the 200-day SMA resides as well around 0.8150. Despite the strong bias, a pullback is likely as momentum indicators are showing further signs of weakness over the shorter time intervals. Overall, we prefer to remain neutral at the current levels, and look to long the pair from lower levels.”