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2 Aug 2013
NZD/USD forging base at 0.7899
FXstreet.com (Chicago) - NZD/USD has pocketed 0.11% gains so far since beginning of Friday’s trading session in Asia.
Despite strong performance by the US dollar index reaching weekly highs at 82.35, the New Zealand dollar advanced.
Price action indicated pair stalled between supports at 0.7885 (July 19 lows), 0.7877 (July 12 highs) and 0.7869 (July 19 lows) and resistances at 0.7902 (July 24 lows), 0.7907 (July 22 lows), 0.7921 (July 20 lows). Based on one-hour timeframe analysis indicators on FXstreet.com technical studies, the CCI pointed up, consolidating slightly bullish trend.
On outlook for what is considered one of the most important data releases in the year, market participants await for nonfarm payrolls to be published later in the day.
Despite strong performance by the US dollar index reaching weekly highs at 82.35, the New Zealand dollar advanced.
Price action indicated pair stalled between supports at 0.7885 (July 19 lows), 0.7877 (July 12 highs) and 0.7869 (July 19 lows) and resistances at 0.7902 (July 24 lows), 0.7907 (July 22 lows), 0.7921 (July 20 lows). Based on one-hour timeframe analysis indicators on FXstreet.com technical studies, the CCI pointed up, consolidating slightly bullish trend.
On outlook for what is considered one of the most important data releases in the year, market participants await for nonfarm payrolls to be published later in the day.