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14 Jun 2013
NZD/USD testing 0.8100 barrier
FXstreet.com (New York) - The NZD/USD foreign exchange rate has made another attempt at the 0.8100 level during European trading Friday, testing this region in these moments.
NZD/USD indicators back potential continuation of bullishness
“The NZD/USD pair rose again, confirming a breach to the downtrend resistance, which drew a Broadening Wedge Pattern – a positive technical setup. Moreover, linear regression indicators are positive and are backing the potential continuation of bullishness, especially as the pair is trading now above 0.8065.” notes the Technical Analyst team at ICN.com.
Despite this emerging trend however, the Mataf.net analysts point to the propensity for short-term supports at 0.7929, then 0.7803, and finally 0.7717. On the ascension, resistive measures are found at 0.8145, then 0.8235, and ultimately 0.8361.
NZD/USD indicators back potential continuation of bullishness
“The NZD/USD pair rose again, confirming a breach to the downtrend resistance, which drew a Broadening Wedge Pattern – a positive technical setup. Moreover, linear regression indicators are positive and are backing the potential continuation of bullishness, especially as the pair is trading now above 0.8065.” notes the Technical Analyst team at ICN.com.
Despite this emerging trend however, the Mataf.net analysts point to the propensity for short-term supports at 0.7929, then 0.7803, and finally 0.7717. On the ascension, resistive measures are found at 0.8145, then 0.8235, and ultimately 0.8361.