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NZD/USD holding at 0.8100 region

FXstreet.com (Barcelona) - The NZD/USD has traded unevenly Thursday, attempting to achieve prolonged stability around the 0.8100 level during European trading.

On the data front, investors will learn of the Terms of Trade Index in Q1 tonight in New Zealand, however the interim will likely be driven by a steady dose of US economic data this afternoon at 12:30 GMT, including GDP and jobs data.

At the time of writing, the pair has solidified its stance near the 0.8100 level, trading positively at +0.13% above its opening. Mataf.net analysts calculate resistive measures for the NZD/USD at 0.8151, onto 0.8209, and ultimately 0.8258. On the decline, a break below the 0.8044 handle will initiate support at 0.7995 and 0.7937.

According to the ICN.com Technical Analyst Team, “The 0.8065 level stood fast as the NZD/USD surged steeply to above 0.8100, restoring positivity in the short-term – this in turn was boosted by linear regression indicators and the stochastic measures. Ultimately, Chances that the uptrend may extend are likely during Thursdays’ session.”

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