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Forex: NZD/USD establishing fresh lows at 0.8330/33

The NZD/USD, like several other risk-based assets over the past 24-hours, has been under siege, following the fallout of the FOMC yesterday. Overnight trading revealed an overall negative slide as the pair has plunged below the 0.8400 level, establishing session lows in these moments at 0.8330/33.

Currently, the cross is operating in negative territory, down -0.28% Thursday. The ICN.com technical analyst team points to the supports at 0.8310 onto 0.8275, and finally the 0.8225 level. Conversely, a staged recovery movement above the 0.8355 handle will rekindle resistances at the 0.8385 onto 0.8400 (key upside barrier).

According to the ICN.com Technical Analyst Team, “The NZD/USD is now in front of key support levels of the bullish move without any confirmation signals for a break or rebound in the cards till now, forcing us to ultimately remain neutral in the European session waiting for confirmation signals in either direction.

Forex Flash: EUR/USD may close below 1.3202 key support - Commerzbank

The EUR/USD recent rebound from the 1.3315/00 area of support (long term Fibo retracement and the 3 month uptrend) was extremely tepid and market breached below it yesterday. “Key support at 1.3202, the 7 month uptrend, is exposed and a close below here is required to negate the up move completely”, wrote analyst Karen Jones. “Please note given strength of the US Dollar elsewhere this is looking increasingly likely”, she added, negative biased while capped by the 1.3434/1.3520 resistance. “Only above here will suggest another run up to the 1.3711 recent high (not favored)”, the Commerzbank analyst concluded.
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