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NZD/USD rebounds off 0.8000 barrier

FXstreet.com (Barcelona) - The NZD/USD has extended its intraweek downside Thursday, falling even lower and finding strong support near the 0.8000 barrier (0.8006).

At the time of writing, the NZD/USD is slightly above its lows, but still deeply entrenched in negative territory at 0.8038/41. Later tonight at 22:45 GMT, New Zealand will reveal several trade balance and import/export statistics for the month of April.

In these moments the pair has incurred a loss of -0.23% Wednesday. Technically speaking, Mataf.net analysts point to supportive means for the NZD/USD at 0.7982, onto 0.7922, and ultimately 0.7810. Conversely, a break above the 0.8154 handle will initiate resistance at 0.8266 and 0.8326.

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USD/CHF establishing fresh lows at 0.9702/11

The USD/CHF has certainly shifted gears today, capping the upside at 0.9818 (daily high), in what has now been a retracement downwards across European trading back to session lows at 0.9702/11.
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