OctaFX | OctaFX Forex Broker
Open trading account
Back

NZD/USD testing the 0.8100 resistance

FXstreet.com (Barcelona) - The NZD/USD has moved off of overnight lows (0.8061) Tuesday, en route to an ascension higher back towards the 0.8100 barrier at the time of writing.

According to the ICN.com Technical Analyst Team, “This week, we believe an upside correction is likely, provided that the pair settles above 0.8000. If the pair settles below 0.8310 after that correction is over, the bearishness may come back to dominate the overall trend of the pair.

After what shaped up as a highly muted session yesterday, the NZD/USD is back on the move during European trading. Presently, the pair is operating at +0.21% above its opening. Mataf.net analysts point to the next level of resistive correction for the NZD/USD at 0.8098, then 0.8126, and finally 0.8145. On the decline, supportive structures will trigger at 0.8051, ahead of 0.8032, and finally 0.8004.

USD/CAD bounces back to daily high at 1.0361/67

The USD/CAD has been far more active Tuesday, bouncing recently off the 1.0342 level during European trading to move towards session highs (1.0369).
Read more Previous

EUR/USD pierces 1.2900

The bearishness around the shared currency is accelerating on Tuesday, dragging the pair below the key support at 1.2900....
Read more Next
Start livechat