Forex: NZD/USD retreats off session highs to 0.8173/80
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NZD/USD
FXstreet.com (Barcelona) - The NZDUSD has edged higher during European trading this morning, as the cross has advanced generally uninterrupted. However, in recent moments the pair has retreated slightly off its session highs (0.8187) and has eased towards 0.8173/80, where it resides presently.
"Over the four-hour basis the NZDUSD is stable between the linear regression indicators, but trading with an upside bias. The pair is also holding above the critical barrier at 0.8100 and therefore we expect an upside move to test 0.8205, a breach of which might form an Inverted Head & Shoulders." notes the ICN.com Analyst Team.
The NZDUSD is currently securing an advance of +0.19% above its opening and according to the ICN.com analyst team, resistances lie ahead at 0.8185, 0.8200 (key barrier), onto 0.8220. Conversely, supportive means will kick in at 0.8155, 0.8135, and finally 0.8100.
"Over the four-hour basis the NZDUSD is stable between the linear regression indicators, but trading with an upside bias. The pair is also holding above the critical barrier at 0.8100 and therefore we expect an upside move to test 0.8205, a breach of which might form an Inverted Head & Shoulders." notes the ICN.com Analyst Team.
The NZDUSD is currently securing an advance of +0.19% above its opening and according to the ICN.com analyst team, resistances lie ahead at 0.8185, 0.8200 (key barrier), onto 0.8220. Conversely, supportive means will kick in at 0.8155, 0.8135, and finally 0.8100.
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