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19 Jun 2013
NZD/USD tests 100-hour SMA
FXstreet.com (Córdoba) - As most pairs in the FX market, NZD/USD trades within a narrow range as investors remain on the sidelines ahead of Bernanke conference.
NZD/USD consolidates between MA's
NZD/USD has been oscillating between the 200- and 100-hour SMA's over the last hours, having hit a high of 0.8025 in recent dealings. At time of writing, NZD/USD is threatening the top-side of the range around 0.8520, posting a 0.5% gain on the day.
In terms of technical levels, if NZD/USD breaks above the 100-hour SMA at 0.8025, next resistance could be found at 0.8070 (Jun 17 high). On the downside, immediate support lies at 0.7995 (200-hour SMA) and 0.7975 (10-day SMA).
NZD/USD consolidates between MA's
NZD/USD has been oscillating between the 200- and 100-hour SMA's over the last hours, having hit a high of 0.8025 in recent dealings. At time of writing, NZD/USD is threatening the top-side of the range around 0.8520, posting a 0.5% gain on the day.
In terms of technical levels, if NZD/USD breaks above the 100-hour SMA at 0.8025, next resistance could be found at 0.8070 (Jun 17 high). On the downside, immediate support lies at 0.7995 (200-hour SMA) and 0.7975 (10-day SMA).