24 Jun 2013
NZD/USD briefly loses grip on 0.7700 level
FXstreet.com (New York) - The NZD/USD technical pair fell to June 2012 lows, after briefly breaking below the 0.7700 level Monday during European trading.
NZD/USD bounces off lows
At the time of writing, the NZD/USD has bounced off its daily lows (0.7683) to 0.7719 in these moments, now down only -0.21% during European trading. Despite the recent recovery, the Mataf.net analyst team has identified the next short-term measures of support still below at 0.7710, then 0.7656, and 0.7603. Alternatively, resistance lies higher at 0.7817, onto 0.7865, and 0.7924.
NZD/USD downtrend to continue despite recent lows
According to the technical analyst team at ICN.com, “The NZD/USD pair tumbled severely last week, forming a long bearish candlestick which backs the continuation of the downtrend throughout this week as well. The pair faces 78.6% correction at 0.7715 as an initial target – breaking that level will boost chances of the continuation of the downtrend.”
NZD/USD bounces off lows
At the time of writing, the NZD/USD has bounced off its daily lows (0.7683) to 0.7719 in these moments, now down only -0.21% during European trading. Despite the recent recovery, the Mataf.net analyst team has identified the next short-term measures of support still below at 0.7710, then 0.7656, and 0.7603. Alternatively, resistance lies higher at 0.7817, onto 0.7865, and 0.7924.
NZD/USD downtrend to continue despite recent lows
According to the technical analyst team at ICN.com, “The NZD/USD pair tumbled severely last week, forming a long bearish candlestick which backs the continuation of the downtrend throughout this week as well. The pair faces 78.6% correction at 0.7715 as an initial target – breaking that level will boost chances of the continuation of the downtrend.”