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Forex pairs in this Article » NZD/USD
The NZDUSD jumped 20 pips towards a new session high during the waning hours of European trading Friday, as the United States reported solid economic data across the board. The cross has spanned an impressive recovery since bottoming out in the 0.8175 region (October 4 low).

According to the technical analyst team at ICN.com, "The Linear Regression Indicator 55 stopped the upside move and that was further supported by the overbought signs on the stochastic at the time RSI is attempting to hold below 50. Therefore, we remain neutral for the rest of the day."

In the United States, the highly anticipated Nonfarm Payrolls yielded a result of 114K in September, against a consensus of 113K and compared with 142K in the previous month. Moving along, the Unemployment Rate was reported at 7.8% in September, relative to projections of 8.2% and down from 8.1% last month.

At the present, the NZDUSD is trading at 0.8265, which constitutes a +0.56% advance above its opening levels. According to the ICN.com analysts, having already broken calculated resistance at 0.8255, the pair's advance will be stymied by further corrective measures at 0.8310 and 0.8355. On the decline, supportive structures will kick in at 0.8200, 0.8185, and finally 0.8160.
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