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20 Dec 2013
NZD/USD hangs on to 0.82
FXstreet.com (Chicago) - NZD/USD caps at session highs around the 0.8225 and extends the retracement in the afternoon of the American trading session after better than expected GDP data released earlier today.
NZD/USD Technical Levels
Price action reveals the pair stays floating above the 0.82 zone and yet can’t resist the bearish pressure that concluded on a retracement from 0.8225 session highs. Still strong for the day, the pair prints 0.21% daily gains so far. Offered at 0.8206, the pair navigates between the supports aligned at 0.8138 (December 7th lows), 0.8113 (November 26th lows) ahead of 0.8082 (November 28th lows) and the resistances set at 0.8184 (December 12th lows), 0.8238 (December 17th lows) followed by 0.8285 (December 17th highs). According to the FXstreet.com trend index on one-hour timeframe analysis, the pair is slightly bullish and flows above the EMA20.
NZD/USD Technical Levels
Price action reveals the pair stays floating above the 0.82 zone and yet can’t resist the bearish pressure that concluded on a retracement from 0.8225 session highs. Still strong for the day, the pair prints 0.21% daily gains so far. Offered at 0.8206, the pair navigates between the supports aligned at 0.8138 (December 7th lows), 0.8113 (November 26th lows) ahead of 0.8082 (November 28th lows) and the resistances set at 0.8184 (December 12th lows), 0.8238 (December 17th lows) followed by 0.8285 (December 17th highs). According to the FXstreet.com trend index on one-hour timeframe analysis, the pair is slightly bullish and flows above the EMA20.