23 Dec 2013
NZD/USD in ranges between 0.8220 and 0.8185
FXstreet.com (Córdoba) - The NZD/USD is trading unchanged around 0.8200 in a quiet session, with Japanese markets closed and ahead of holidays. Since Friday's American session the pair holds in a small range of 30 pips between 0.8220 and 0.8185.
Last week the Kiwi lost 60 pips against the US dollar, after finding resistance near 0.8300. The downside found support around 0.8150 from where it rebounded, ending the week at 0.8200.
Technical levels for the NZD/USD
The OzForex Research Team affirms that the NZD/USD chart shows resistance at 0.8258/0.8318, 0.8333/0.8434 and 0.8523/42 while to the downside they expect support levels to be at 0.8122/0.8171, 0.8082/0.8104 and 0.7686/0.7734.
For the remainder of the day, OzForex Research expects that recent ranges across the board to hold given the proximity to holiday season. The expect the NZD/USD to trade between 0.8160 and 0.8230.
Last week the Kiwi lost 60 pips against the US dollar, after finding resistance near 0.8300. The downside found support around 0.8150 from where it rebounded, ending the week at 0.8200.
Technical levels for the NZD/USD
The OzForex Research Team affirms that the NZD/USD chart shows resistance at 0.8258/0.8318, 0.8333/0.8434 and 0.8523/42 while to the downside they expect support levels to be at 0.8122/0.8171, 0.8082/0.8104 and 0.7686/0.7734.
For the remainder of the day, OzForex Research expects that recent ranges across the board to hold given the proximity to holiday season. The expect the NZD/USD to trade between 0.8160 and 0.8230.