Forex: NZD/USD surges forward, trades at 0.8176
Forex pairs in this Article »
NZD/USD
FXstreet.com (Barcelona) - The pair has notched some sizable gains Friday during American trading, despite the release of upbeat data in the United States, which included the Non-farm payrolls that destroyed its estimates (163k in July vs. consensus expectations of only 100k).
The counter-push against the strengthened greenback came on news that the EFSF wants to repurchase unsecured and secured loan proposals from banks. This movement was accentuated by ForexLive.com Analyst Jamie Coleman, stating that it "sounds like they want to lever-up."
Presently speaking, the NZDUSD has recorded a gain of 90 pips since it's opening, trading in the region of 0.8176 - this represents a huge advance on the day of +0.93%. The technical analysts at Mataf.net point to resistance levels at 0.8214 and 0.8255. Conversely, a retracement will be followed by the onset of supportive means, found at 0.8059, then 0.8018, and ultimately 0.7961.
The counter-push against the strengthened greenback came on news that the EFSF wants to repurchase unsecured and secured loan proposals from banks. This movement was accentuated by ForexLive.com Analyst Jamie Coleman, stating that it "sounds like they want to lever-up."
Presently speaking, the NZDUSD has recorded a gain of 90 pips since it's opening, trading in the region of 0.8176 - this represents a huge advance on the day of +0.93%. The technical analysts at Mataf.net point to resistance levels at 0.8214 and 0.8255. Conversely, a retracement will be followed by the onset of supportive means, found at 0.8059, then 0.8018, and ultimately 0.7961.
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