NZD/USD trading at resistance

FXstreet.com (New York) - The NZD/USD foreign exchange rate breached the 0.7800 region Monday, having now summited the key barrier during US trading.

NZD/USD stabilizes above 0.7800 level

In these moments, the NZD/USD technical pair is up +1.45%, having moved towards 0.7812. In terms of the technical levels, the Danske Research Team points to 0.7810 (current levels), then 0.7861, and finally 0.7894 (previous resistances at 0.7765 were shattered).

NZD/USD negative expectations reinforced

According to the Technical Analyst Team at ICN.com, “The NZD/USD is facing difficulties in stabilizing below 0.7715 represented in 78.6% of the upside wave that started from 0.7454 and topped at 0.8678. Trading within the descending channel forces us to hold on to our general negative expectations, pointing out that trading below 0.7925 will be considered negative this week.”

Flash: USD/JPY maintains 110.00 year-end target – UBS

Lending activity in Japan is starting to look more encouraging – indeed, bank lending in June expanded at the fastest pace in almost four years at +1.9% YoY, notes Gareth Berry, a Research Analyst at UBS.
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AUD/USD rises to intra-day highs

The Aussie is currently trading higher against the US dollar following a short consolidation period between 0.9135 and 0.9110. Currently the AUD/USD is pricing at 0.9141, fresh intra-day high.
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