NZD/USD finds support ahead of big Fibo level

FXstreet.com (Barcelona) - The NZD/USD is last at 0.8083, off session highs at 0.8107, and slightly higher for the session being after gapping up at the open on the back of broad USD selling.

The pair has so far found buying interest ahead of the big Fibo level around the 0.8060, Nov lows, and 50% retrace of daily up leg from June low 0.7450/0.8680.

Immediate support to the downside for Kiwi lies at Friday's fresh 6-month lows 0.8061, followed by Nov lows at 0.8049, while closest resistance to the upside shows at recent session highs/Oct 17 lows 0.8107, followed by Nov 09 lows at 0.8123.

May 20, 2013

Flash: USD remains favoured currency for 2013 - UBS

According to Mansoor Mohi-uddin, Head of Foreign Exchange Strategy at UBS Macro Research, the USD remains the currency of choice for the Swiss bank in 2013, based on that “the US economy is likely to expand more than its peers,” the analyst notes.

EUR/USD buyers likely to show up at 1.2744 yearly lows - 2ndSkies

The EUR/USD bearish outlook strengthened last Friday, after sellers managed to penetrate and close below 1.2840/50 support. Presently in the Asian session, a half-hearted attempt to retest the broken-support-turned-resistance saw offers return, taking the rate to levels around 1.2820/25. The Euro seems to be heading towards 2013 lows at 1.2744.