11 Jul 2013
NZD/USD trades flat ahead of the NY close
FXstreet.com (Córdoba) - As most crosses in the FX market, the NZD/USD has had a volatile day as investors digest the latest set of Fed's mixed signals.
NZD/USD pauses the decline
NZD/USD pulled back strongly from a 3-week high of 0.7966 as the greenback cut losses across the board during the European session, but most recently found support at the 0.7763 area and halted and over 200-pip slide.
At time of writing, NZD/USD is trading at the 0.7830 zone, where it is virtually unchanged on the day minutes ahead of the New York close. In terms of technical levels, immediate supports line up at 0.7763 (daily low) and 0.7700 (psychological level), while resistances could be found at 0.7875 (Jul 9 & 10 highs) and 0.7966 (daily peak).
NZD/USD pauses the decline
NZD/USD pulled back strongly from a 3-week high of 0.7966 as the greenback cut losses across the board during the European session, but most recently found support at the 0.7763 area and halted and over 200-pip slide.
At time of writing, NZD/USD is trading at the 0.7830 zone, where it is virtually unchanged on the day minutes ahead of the New York close. In terms of technical levels, immediate supports line up at 0.7763 (daily low) and 0.7700 (psychological level), while resistances could be found at 0.7875 (Jul 9 & 10 highs) and 0.7966 (daily peak).