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17 Sep 2013
NZD/USD, printing 17-week record highs
FXstreet.com (Chicago) - NZD/USD reached 0.8250, 17-week peaks, after erasing earlier losses and strengthening against the dollar. The pair tops major currency winners with 0.88% gains so far for an impressive 142 pips rally in two days.
NZ GDP, Fed
Ahead of NZ GDP tomorrow and the Fed meeting with conclusions tomorrow, market participants digest earlier US data released.
NZD/USD Technical Levels
Price action reveals the extension of a bullish channel with a steep upward trendline that continues marking higher lows. The pair was capped at 0.8250 highs but sustains a strong performance despite a smooth bearish pressure. Offered at 0.8240, the pair navigates between supports aligned at 0.8214 (May 20th highs), 0.8172 (August 9th highs) ahead of 0.8136 (June 14th highs) and resistances set at 0.8267 (May 20th highs), 0.83 (May 8th highs) followed by 0.8352 (April 19th lows). According to the FXstreet.com trend index, the pair is slightly bullish on one-hour timeframe analysis and trades above the EMA20.
NZ GDP, Fed
Ahead of NZ GDP tomorrow and the Fed meeting with conclusions tomorrow, market participants digest earlier US data released.
NZD/USD Technical Levels
Price action reveals the extension of a bullish channel with a steep upward trendline that continues marking higher lows. The pair was capped at 0.8250 highs but sustains a strong performance despite a smooth bearish pressure. Offered at 0.8240, the pair navigates between supports aligned at 0.8214 (May 20th highs), 0.8172 (August 9th highs) ahead of 0.8136 (June 14th highs) and resistances set at 0.8267 (May 20th highs), 0.83 (May 8th highs) followed by 0.8352 (April 19th lows). According to the FXstreet.com trend index, the pair is slightly bullish on one-hour timeframe analysis and trades above the EMA20.