11 Nov 2013
NZD/USD stuck below the 0.8260 front
FXstreet.com (Chicago) - NZD/USD can’t advance higher than the 0.8250 zone, where it oscillates, after the release of data in NZ and ahead of a rather slow trading journey in the US on Veterans Day.
Data releases
Electronic card retail sales data in NZ was better than expected with results for October at 7% vs. prior 3.5%. Monthly data was 1.4% vs. past -0.8%. The US markets are closed today on Veterans day expecting low volume during the American trading session.
NZD/USD Technical Levels
Technically speaking, the pair is offered at 0.8255 and oscillates between the supports aligned at 0.82 (October 31st lows), 0.8140 (August 18th highs) ahead of 0.81 (August 13th highs) and the resistances set at 0.8270 (October 6th lows), 0.8313 (October 31st highs) followed by 0.8255 (October 11th highs). According to the FXstreet.com trend index, the pair is slightly bearish on one-hour timeframe analysis and flows below the EMA20.
Data releases
Electronic card retail sales data in NZ was better than expected with results for October at 7% vs. prior 3.5%. Monthly data was 1.4% vs. past -0.8%. The US markets are closed today on Veterans day expecting low volume during the American trading session.
NZD/USD Technical Levels
Technically speaking, the pair is offered at 0.8255 and oscillates between the supports aligned at 0.82 (October 31st lows), 0.8140 (August 18th highs) ahead of 0.81 (August 13th highs) and the resistances set at 0.8270 (October 6th lows), 0.8313 (October 31st highs) followed by 0.8255 (October 11th highs). According to the FXstreet.com trend index, the pair is slightly bearish on one-hour timeframe analysis and flows below the EMA20.