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30 Sep 2013
NZD/USD down, but holding its own unlike many other “risk currencies”
FXstreet.com (Barcelona) - The NZD/USD is trading right at the same level as it was prior to the release of the better-than-expected New Zealand Business Confidence.
NZD/USD traders to focus on geo-politics and US data later Monday
Along with the obvious troubling news out of Italy and the US, NZD/USD traders were faced with trading around the release of New Zealand Business Confidence at 01:00 GMT. Surprisingly – given the tone of things today and the recent trend in news from New Zealand – the data was better-than-expected.
Later Monday, in addition to government concerns in Italy and the US, NZD/USD traders will be reacting to Chicago PMI out of the US.
Technical outlook for NZD/USD
Technicians say resistance for NZD/USD comes in at 0.8292 and short-term support comes in at 0.8216. The next meaningful resistance and support for NZD/USD comes is at 0.8311 and 0.8126 respectively.
NZD/USD traders to focus on geo-politics and US data later Monday
Along with the obvious troubling news out of Italy and the US, NZD/USD traders were faced with trading around the release of New Zealand Business Confidence at 01:00 GMT. Surprisingly – given the tone of things today and the recent trend in news from New Zealand – the data was better-than-expected.
Later Monday, in addition to government concerns in Italy and the US, NZD/USD traders will be reacting to Chicago PMI out of the US.
Technical outlook for NZD/USD
Technicians say resistance for NZD/USD comes in at 0.8292 and short-term support comes in at 0.8216. The next meaningful resistance and support for NZD/USD comes is at 0.8311 and 0.8126 respectively.