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27 Jun 2013
NZD/USD held below 0.7800 ahead of NZ data
FXstreet.com (New York) - The NZD/USD technical pair has been relatively static during Asian trading, unable to breach the 0.7800 level ahead of a tranche of economic data in New Zealand.
NZD/USD could move on domestic data
Later today at 22:45 GMT, New Zealand is slated to release several indicators including the Trade Balance, Exports, and Imports in the month of May.
Presently, the NZD/USD is now operating in negative territory at 0.7891, down a marginal -0.02% in these moments. According to the analyst team at Mataf.net, supportive structures will trigger at 0.7694, onto 0.7646, and finally 0.7596. Conversely, the pair will face resistance at 0.7842, and eventually 0.7890.
NZD/USD bullish run could potentially continue
“The NZD/USD could extend its bullish correction run because the LRI 34 is now signaling positivity and the RSI is confirming a breach to the 50-point mark is it heads up. Our outlook remains valid provided that a 4-hour closing does not occur below key level 0.7715.” suggests the Technical Analyst Team at ICN.com.
NZD/USD could move on domestic data
Later today at 22:45 GMT, New Zealand is slated to release several indicators including the Trade Balance, Exports, and Imports in the month of May.
Presently, the NZD/USD is now operating in negative territory at 0.7891, down a marginal -0.02% in these moments. According to the analyst team at Mataf.net, supportive structures will trigger at 0.7694, onto 0.7646, and finally 0.7596. Conversely, the pair will face resistance at 0.7842, and eventually 0.7890.
NZD/USD bullish run could potentially continue
“The NZD/USD could extend its bullish correction run because the LRI 34 is now signaling positivity and the RSI is confirming a breach to the 50-point mark is it heads up. Our outlook remains valid provided that a 4-hour closing does not occur below key level 0.7715.” suggests the Technical Analyst Team at ICN.com.