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30 Sep 2013
NZD/USD holds on to 0.83
FXstreet.com (Chicago) - NZD/USD holds on to 0.83 after retracing from 0.8336 highs in the afternoon of the American trading session.
Bearish sentiment
Earlier in NZ, building permits were 1.54% vs. past -3.40%. The ANZ activity outlook was 45.3% vs. past 43.3% while money supply was M3 6.5% vs. past 5.2%. Amid the debt-ceiling crisis and the indecision in the US, market participants remain bearish, sending the equity markets to the grounds.
NZD/USD Technical Levels
Technically speaking, the pair is offered at 0.8301 and oscillates between the supports aligned at 0.8270 (September 25th highs), 0.8245 (September 17th highs) ahead of 0.82 (September 18th lows) and the resistances set at 0.8319 (September 26th highs), 0.8350 (September 19th lows) followed by 0.8390 (September 23rd highs). According to the FXstreet.com trend index, the pair is strongly bullish on one-hour timeframe and remains above the EMA20.
Bearish sentiment
Earlier in NZ, building permits were 1.54% vs. past -3.40%. The ANZ activity outlook was 45.3% vs. past 43.3% while money supply was M3 6.5% vs. past 5.2%. Amid the debt-ceiling crisis and the indecision in the US, market participants remain bearish, sending the equity markets to the grounds.
NZD/USD Technical Levels
Technically speaking, the pair is offered at 0.8301 and oscillates between the supports aligned at 0.8270 (September 25th highs), 0.8245 (September 17th highs) ahead of 0.82 (September 18th lows) and the resistances set at 0.8319 (September 26th highs), 0.8350 (September 19th lows) followed by 0.8390 (September 23rd highs). According to the FXstreet.com trend index, the pair is strongly bullish on one-hour timeframe and remains above the EMA20.