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15 Jul 2013
NZD/USD frozen at 0.78 round
FXstreet.com (Barcelona) - The NZDUSD foreign exchange rate is last trading at 0.7803, off recent session highs at 0.7801, practically unchanged from previous weekly close Friday, given Tokyo markets remained closed over holiday today.
NZD/USD downside still favoured
“The downside is still favoured, although not to as great as an extent as the Aud,” said FX Charts analyst Jim Langlands, adding: “For its part, the Kiwi has good support at 0.7700 and at 0.7682. A break here would see an accelerated run towards 0.7500 and possibly lower (0.7430: 61.8% of 0.6560/0.8842), although this is rather premature at this point in time.”
NZD/USD key technical levels
Immediate support to the downside for NZD/USD lies at July 10 lows 0.7778, followed by July 09/11 lows at 0.7762/60, and Friday's lows at 0.7751. To the upside, closest resistance shows at recent session highs at 0.7815, followed by July 08 highs at 0.7829, and Friday's highs at 0.7880.
NZD/USD downside still favoured
“The downside is still favoured, although not to as great as an extent as the Aud,” said FX Charts analyst Jim Langlands, adding: “For its part, the Kiwi has good support at 0.7700 and at 0.7682. A break here would see an accelerated run towards 0.7500 and possibly lower (0.7430: 61.8% of 0.6560/0.8842), although this is rather premature at this point in time.”
NZD/USD key technical levels
Immediate support to the downside for NZD/USD lies at July 10 lows 0.7778, followed by July 09/11 lows at 0.7762/60, and Friday's lows at 0.7751. To the upside, closest resistance shows at recent session highs at 0.7815, followed by July 08 highs at 0.7829, and Friday's highs at 0.7880.