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10 Sep 2013
NZD/USD consolidating gains above 0.8000
FXstreet.com (Barcelona) - The NZD/USD foreign exchange rate is last trading at 0.8020 off fresh 2-week highs at 0.8032, range bound since early NY confined in a tight 20 pip range.
NZD/USD dips a buying opportunity
According to IFRMarkets analyst Richard Sexton the pair is expecting resistance at around the 0.81 level, where they will “start to scale out of longs there,” Sexton said, adding: “200 day MA may be tested in coming days at 0.8189.” Sexton also suggests any dip “is likely a buying opportunity,” with the 50 DMA at 0.7906. The pair is slightly in the positive for the week so far.
NZD/USD key technical levels
Immediate support to the downside for NZD/USD lies at recent session lows 0.8011, followed by yesterday's weekly lows at 0.7960, and Sept 04 highs at 0.7928. To the upside, closest resistance shows at NY session fresh 2-week highs 0.8032, followed by August 12 highs at 0.8060, and July 29 highs at 0.8102.
NZD/USD dips a buying opportunity
According to IFRMarkets analyst Richard Sexton the pair is expecting resistance at around the 0.81 level, where they will “start to scale out of longs there,” Sexton said, adding: “200 day MA may be tested in coming days at 0.8189.” Sexton also suggests any dip “is likely a buying opportunity,” with the 50 DMA at 0.7906. The pair is slightly in the positive for the week so far.
NZD/USD key technical levels
Immediate support to the downside for NZD/USD lies at recent session lows 0.8011, followed by yesterday's weekly lows at 0.7960, and Sept 04 highs at 0.7928. To the upside, closest resistance shows at NY session fresh 2-week highs 0.8032, followed by August 12 highs at 0.8060, and July 29 highs at 0.8102.