25 Jul 2013
NZD/USD below 0.80 despite RBNZ
FXstreet.com (Barcelona) - The NZD/USD foreign exchange rate is last trading near session highs at 0.7974, after the RBNZ has left rates unchanged at 2.5% and signals end to record low interest rates for 2014.
NZD/USD resistance at 0.8000
“Today’s low at 0.7905 is now the first support ahead of 0.7890 (38.2% of 0.7687/0.8012) and below there at 0.7848 (50%),” said FX Charts analyst Jim Langlands, adding: “Resistance will be seen at 07950 and then at 0.8000 beyond which, further progress would head towards 0.8056 (38.2% 0.8675/0.7682) and then towards 0.8100, but which looks pretty safe for now.”
NZD/USD key technical levels
Immediate resistance to the upside for NZD/USD shows at recent session highs and London/Friday's highs 0.7991, followed by yesterday's/Tuesday's fresh 1-month highs at 0.8009/17, and May 17 lows/June 19 highs at 0.8057. To the downside, closest support lies at Tuesday's lows 0.7954, followed by July 17 highs at 0.7941, and yesterday's lows/July 16 highs at 0.7904.
NZD/USD resistance at 0.8000
“Today’s low at 0.7905 is now the first support ahead of 0.7890 (38.2% of 0.7687/0.8012) and below there at 0.7848 (50%),” said FX Charts analyst Jim Langlands, adding: “Resistance will be seen at 07950 and then at 0.8000 beyond which, further progress would head towards 0.8056 (38.2% 0.8675/0.7682) and then towards 0.8100, but which looks pretty safe for now.”
NZD/USD key technical levels
Immediate resistance to the upside for NZD/USD shows at recent session highs and London/Friday's highs 0.7991, followed by yesterday's/Tuesday's fresh 1-month highs at 0.8009/17, and May 17 lows/June 19 highs at 0.8057. To the downside, closest support lies at Tuesday's lows 0.7954, followed by July 17 highs at 0.7941, and yesterday's lows/July 16 highs at 0.7904.