Forex: NZD/USD trading negatively at 0.8304/06

FXstreet.com (Barcelona) - The NZDUSD has suffered across European trading Monday, only to bottom out at 0.8280 region (daily minimum) during the American session. The pair has remained in negative territory nearly the entire day thus far, and at the time of writing the cross has settled in the area of 0.8304/06.

Earlier today in the United States, Durable Good Orders (December) rose +4.6%, against expectations calling for only a +1.8% growth. In addition, Durable Goods Orders ex Transportation jumped +1.3% in December, against projections of +0.7%. Finally, Pending Home Sales (YoY) rose +6.9% in December, down from +8.9% previously.

According to the ICN.com analyst team, "The NZDUSD stabilized below its linear regression indicators as negativity looks to extend. Meanwhile, the ascending key support is close to the current price as the pair didn't break the needed 0.8355 levels, which makes us prefer to remain neutral in our weekly report waiting for confirmation signals."

At the present, the cross has incurred a decline of -0.57%, while ICN.com analysts point to the next supportive measures at 0.8305, followed by 0.8280 onto 0.8255. Conversely, a thrust up towards the 0.8385 region will initiate additional resistances at 0.8400 and 0.8415.