17 Oct 2013
NZD/USD up slightly but off Wednesday’s intraday peak at 0.8448
FXstreet.com (Barcelona) - The NZD/USD hit one possible upside target at 0.8448 and backed off Wednesday. Technicians say higher prices are still ahead but that a correction may be in order to work off overbought readings.
NZD/USD traders to focus on DC resolution news and US data points Thursday
NZD/USD traders will be monitoring the wires for new of an official (albeit temporary) solution to the debt ceiling and continuing resolution debate. Additionally, later in the session, they will get to digest weekly jobless claims and the Philly Fed Manufacturing Survey out of the US.
Technical outlook for NZD/USD
Technicians say NZD/USD tested one of two possible Fibonacci-generated price targets at 0.8448 Tuesday – the other is 0.8485. Support for NZD/USD should come in at 0.8400, but additional buying interest should come in at the 10/4 peak of 0.8350.
NZD/USD traders to focus on DC resolution news and US data points Thursday
NZD/USD traders will be monitoring the wires for new of an official (albeit temporary) solution to the debt ceiling and continuing resolution debate. Additionally, later in the session, they will get to digest weekly jobless claims and the Philly Fed Manufacturing Survey out of the US.
Technical outlook for NZD/USD
Technicians say NZD/USD tested one of two possible Fibonacci-generated price targets at 0.8448 Tuesday – the other is 0.8485. Support for NZD/USD should come in at 0.8400, but additional buying interest should come in at the 10/4 peak of 0.8350.