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16 Aug 2013
NZD/USD testing 0.8100 region
FXstreet.com (New York) - The NZD/USD foreign exchange rate found itself entrenched at the 0.8100 region Friday afternoon during US trading, still notching positive gains.
Technically speaking, the NZD/USD is now operating at 0.8093, securing a modest gain of +0.19% above it’s opening during US trading. Having peaked earlier at 0.8129, the pair has been oscillating slightly as investors brace for longer-term USD movements.
NZD/USD strategic bias
According to the Technical Analyst Team at ICN.com, “The NZD/USD is fluctuating in a sideways trade below 0.8100 resistance level, maintaining the overall bullish wave so far, however a break above 0.8130 is needed to suggest more upside.”
Technically speaking, the NZD/USD is now operating at 0.8093, securing a modest gain of +0.19% above it’s opening during US trading. Having peaked earlier at 0.8129, the pair has been oscillating slightly as investors brace for longer-term USD movements.
NZD/USD strategic bias
According to the Technical Analyst Team at ICN.com, “The NZD/USD is fluctuating in a sideways trade below 0.8100 resistance level, maintaining the overall bullish wave so far, however a break above 0.8130 is needed to suggest more upside.”