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25 Apr 2013
Forex: NZD/USD hovers near resistance at 0.8526/28
FXstreet.com (Barcelona) - The NZD/USD has jumped higher Thursday, despite the occurrence ANZAC day across the antipodean region. Recently the surge took the pair above its first resistance, and the pair has regained the 0.8500 level and then some. Indeed, at the time of writing, the cross has settled at 0.8526/28.
At this juncture the cross has surged +0.63 above its opening. According to the Mataf.net technical analyst team, after breaking above calculated resistance at 0.8507 earlier, the NZD/USD will encounter its next resistive means at 0.8533, up to 0.8578. Conversely, the pair is slated to face short-term support at 0.8436, then 0.8391, and ultimately 0.8365.
“The NZD/USD saw a powerful uptrend on Wednesday that carried it back to around 0.8530, which we will rely on as an intraday interval for today. Trading above the 0.8415 level has become positive, and according to the recent volatility above this level, we expect to see further bullishness in the period ahead.” suggests the ICN.com technical analyst team.
At this juncture the cross has surged +0.63 above its opening. According to the Mataf.net technical analyst team, after breaking above calculated resistance at 0.8507 earlier, the NZD/USD will encounter its next resistive means at 0.8533, up to 0.8578. Conversely, the pair is slated to face short-term support at 0.8436, then 0.8391, and ultimately 0.8365.
“The NZD/USD saw a powerful uptrend on Wednesday that carried it back to around 0.8530, which we will rely on as an intraday interval for today. Trading above the 0.8415 level has become positive, and according to the recent volatility above this level, we expect to see further bullishness in the period ahead.” suggests the ICN.com technical analyst team.