Forex: NZD/USD testing support at 0.8100
Forex pairs in this Article »
NZD/USD
FXstreet.com (Barcelona) - Yesterday's kiwi rally has clearly soured Friday, as the pair is currently testing the 0.8100 level and cannot seem to find any upward momentum during the American session. Following the release of the US data earlier this morning, the pair was seen trading down at a rate of -0.36% today.
In the United States economy, Durable Goods Orders jumped +4.2% in July, obliterating estimates of only 1.6%. Additionally, Durable Goods Orders ex Transportation shrunk -0.4% in July, missing its consensus expectations of +0.5%.
The technical analysts at ICN.com isolate the pair's next supports at 0.8100, 0.8080, and finally 0.8040. Conversely, an upward movement will be sustained only after breaching the resistances located at 0.8135, then 0.8185, and 0.8200.
In the United States economy, Durable Goods Orders jumped +4.2% in July, obliterating estimates of only 1.6%. Additionally, Durable Goods Orders ex Transportation shrunk -0.4% in July, missing its consensus expectations of +0.5%.
The technical analysts at ICN.com isolate the pair's next supports at 0.8100, 0.8080, and finally 0.8040. Conversely, an upward movement will be sustained only after breaching the resistances located at 0.8135, then 0.8185, and 0.8200.
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