30 Jul 2013
NZD/USD capped below 0.81 while supported above 0.80
FXstreet.com (Barcelona) - The NZD/USD foreign exchange rate is last trading at 0.8032 bids, off fresh session and weekly lows at 0.8011, down so far a -0.63% for the week from previous weekly close Friday, ahead of NZ building consents data at 22:45 GMT.
NZD/USD longer term momentum looks higher
“The longer term momentum looks as though the Kiwi wants to head a bit higher and thus dips look to be buying opportunities,” said FX Charts analyst Jim Langlands, adding: “Keep stops at around 0.7980 on any long positions.” The pair though is down -3.03% year to date, and -6.18% in last 3 months.
NZD/USD key technical levels
Immediate support to the downside for NZD/USD lies at Wednesday's highs at 0.8018, followed by July 19 highs at 0.7992, and July 17 highs/July 23 lows at 0.7952/42. To the upside, closest resistance shows at Friday's lows 0.8054, followed by Friday's/Thursday's 1-month highs at 0.8105, and June 03 highs at 0.8120.
NZD/USD longer term momentum looks higher
“The longer term momentum looks as though the Kiwi wants to head a bit higher and thus dips look to be buying opportunities,” said FX Charts analyst Jim Langlands, adding: “Keep stops at around 0.7980 on any long positions.” The pair though is down -3.03% year to date, and -6.18% in last 3 months.
NZD/USD key technical levels
Immediate support to the downside for NZD/USD lies at Wednesday's highs at 0.8018, followed by July 19 highs at 0.7992, and July 17 highs/July 23 lows at 0.7952/42. To the upside, closest resistance shows at Friday's lows 0.8054, followed by Friday's/Thursday's 1-month highs at 0.8105, and June 03 highs at 0.8120.