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15 Aug 2013
NZD/USD clings to robust gains, 0.8100 remains on target
FXstreet.com (New York) - The NZD/USD foreign exchange rate leapt higher yesterday to test the 0.8100 region, though ultimately could not summit this upside barrier and has eased slightly during Asian trading.
NZD/USD technical levels
The NZD/USD is currently trading at 0.8075 Friday morning, clinging to strong gains thus far. Technically speaking, the NZD/USD will face calculated resistance at 0.8096 (July 29 high), onto 0.8127 (June 14 high), and 0.8138 (May 29 high).
NZD/USD strategic bias
According to the Technical Analyst Team at ICN.com, “The NZD/USD extended the bullish rebound after recently testing the 0.7930 support level earlier this week, approaching the top of the sideway range at 0.8100-0.8135 area. Accordingly, the bullish scenario remains favored, where a break above 0.8135 may confirm a major bullish reversal.”
NZD/USD technical levels
The NZD/USD is currently trading at 0.8075 Friday morning, clinging to strong gains thus far. Technically speaking, the NZD/USD will face calculated resistance at 0.8096 (July 29 high), onto 0.8127 (June 14 high), and 0.8138 (May 29 high).
NZD/USD strategic bias
According to the Technical Analyst Team at ICN.com, “The NZD/USD extended the bullish rebound after recently testing the 0.7930 support level earlier this week, approaching the top of the sideway range at 0.8100-0.8135 area. Accordingly, the bullish scenario remains favored, where a break above 0.8135 may confirm a major bullish reversal.”