Forex: NZD/USD recovers losses and tests 0.8100 level
Forex pairs in this Article »
NZD/USD
FXstreet.com (Barcelona) - After a dip in the exchange rate that was contained in the 0.8072 region (intraday minimum), the NZDUSD pared its losses and climbed back into positive territory where it is presently testing the 0.8100 level in these moments. At this juncture, the cross is securing an advance of +0.06% Friday.
"The NZDUSD declined and that is ideal after the breach of 0.8100 areas. Consolidating in the coming period below 0.8100 presents a Double Top formation and we hold onto the negative expectations for the rest of the day with the stability below 0.8185 areas." warns the ICN.com Analyst Team.
According to the ICN.com team, The NZDUSD will encounter level of resistances at the 0.8135, on towards 0.8185 and eventually 0.8220. Conversely, supports are found amongst the points of 0.8080, followed by 0.8040 down towards 0.8000 (psychological barrier).
"The NZDUSD declined and that is ideal after the breach of 0.8100 areas. Consolidating in the coming period below 0.8100 presents a Double Top formation and we hold onto the negative expectations for the rest of the day with the stability below 0.8185 areas." warns the ICN.com Analyst Team.
According to the ICN.com team, The NZDUSD will encounter level of resistances at the 0.8135, on towards 0.8185 and eventually 0.8220. Conversely, supports are found amongst the points of 0.8080, followed by 0.8040 down towards 0.8000 (psychological barrier).
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