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22 Oct 2013
NZD/USD losing momentum below 0.8450
FXstreet.com (Chicago) – NZD/USD deflates ahead of Tokyo’s opening after losing battle against bears who press downward and who confirm the break of the upward trendline since last October 10th lows.
NZD/USD Technical Levels
Technically speaking, the pair is offered at 0.8445 and oscillates between the supports aligned at 0.8436 (October 15th lows), 0.84 (October 14th highs) ahead of 0.8358 (October 16th lows) and the resistances set at 0.8474 (session highs), 0.85 (October 18th highs) followed by 0.8526 (October 17th highs). With secondary and primary trends diverging, the possibility of a reversal is confirmed is fall extends throughout Tuesday targeting 0.8350 grounds.
NZD/USD Technical Levels
Technically speaking, the pair is offered at 0.8445 and oscillates between the supports aligned at 0.8436 (October 15th lows), 0.84 (October 14th highs) ahead of 0.8358 (October 16th lows) and the resistances set at 0.8474 (session highs), 0.85 (October 18th highs) followed by 0.8526 (October 17th highs). With secondary and primary trends diverging, the possibility of a reversal is confirmed is fall extends throughout Tuesday targeting 0.8350 grounds.