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18 Mar 2013
Forex: NZD/USD eases to 0.8251/55
FXstreet.com (Barcelona) - The NZD/USD has fallen off its session highs in recent moments (0.8266), having eased nearly 10 pips to trade at 0.8251/55 at the time of writing during US trading. At this juncture, the cross is still trading positively at +0.23% above its opening Monday.
According to the ICN.com analyst team, “The NZD/USD attempted to breach its recent downtrend's resistance, though it returned lower near its opening this week below its constituent resistance. We believe trading above the 0.8155 level is seen as positive, with an impetus pushing for more bullish attempts.”
The ICN.com analysts point to resistances at 0.8270, onto 0.8310, and finally 0.8355. Regarding a pullback, supports will activate if the NZD/USD falls to 0.8225, ahead of 0.8200, and 0.8155.
According to the ICN.com analyst team, “The NZD/USD attempted to breach its recent downtrend's resistance, though it returned lower near its opening this week below its constituent resistance. We believe trading above the 0.8155 level is seen as positive, with an impetus pushing for more bullish attempts.”
The ICN.com analysts point to resistances at 0.8270, onto 0.8310, and finally 0.8355. Regarding a pullback, supports will activate if the NZD/USD falls to 0.8225, ahead of 0.8200, and 0.8155.