23 Oct 2013
NZD/USD cracks down to 0.8472
FXstreet.com (Chicago) - NZD/USD falls to irresistible bearish pressure that sends the pair to 0.8472 session lows extending the short-term bearish channel that started at the closing of Wall Street on Tuesday.
Primary and secondary trends point up despite intraday trend pointing down after giving in the 0.8530 peaks. Down 0.46% so far for the day, the pair erases weekly gains and falls to the 0.31% negative.
NZD/USD Technical Levels
Technically speaking, the pair is offered at 0.8475 and oscillates between the supports aligned at 0.8436 (October 15th lows), 0.84 (October 14th highs) ahead of 0.8358 (October 16th lows) and the resistances set at 0.8526 (October 17th highs), 0.8554 (October 15th highs), 0.8588 (April 29th highs). According to the FXstreet.com trend index, the pair is slightly bearish on one-hour timeframe analysis below the EMA20.
Primary and secondary trends point up despite intraday trend pointing down after giving in the 0.8530 peaks. Down 0.46% so far for the day, the pair erases weekly gains and falls to the 0.31% negative.
NZD/USD Technical Levels
Technically speaking, the pair is offered at 0.8475 and oscillates between the supports aligned at 0.8436 (October 15th lows), 0.84 (October 14th highs) ahead of 0.8358 (October 16th lows) and the resistances set at 0.8526 (October 17th highs), 0.8554 (October 15th highs), 0.8588 (April 29th highs). According to the FXstreet.com trend index, the pair is slightly bearish on one-hour timeframe analysis below the EMA20.