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2 Oct 2013
NZD/USD breaking badly; 0.82 violated
FXstreet.com (Chicago) - NZD/USD plunged to 0.8193 losing the 0.82 front momentarily. With a small bounce, the pair snapped back above the 0.82 psychological support but losses account for 0.81% so far.
Dragged down by weaker than expected Australian data, the pair succumbs to bearish pressure and remains glued to immediate support close to the 0.82 void.
NZD/USD Technical Levels
Technically speaking, the pair is offered at 0.8207 and navigates between supports aligned at 0.82 (September 18th lows), 0.8165 (September 13th highs), 0.8121 (September 13th lows) and the resistances set at 0.8245 (October 1st lows), 0.8270 (September 30th lows) followed by 0.8319 (September 26th highs). According to the FXstreet.com trend index, the pair is slightly bearish below the EMA20.
Dragged down by weaker than expected Australian data, the pair succumbs to bearish pressure and remains glued to immediate support close to the 0.82 void.
NZD/USD Technical Levels
Technically speaking, the pair is offered at 0.8207 and navigates between supports aligned at 0.82 (September 18th lows), 0.8165 (September 13th highs), 0.8121 (September 13th lows) and the resistances set at 0.8245 (October 1st lows), 0.8270 (September 30th lows) followed by 0.8319 (September 26th highs). According to the FXstreet.com trend index, the pair is slightly bearish below the EMA20.