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4 Oct 2013
NZD/USD inching higher after modest give back of Wednesday’s sizeable gains
FXstreet.com (Barcelona) - The NZD/USD is trading modestly higher early Friday after giving back less than 50% of the big gains seen Wednesday.
NZD/USD traders to focus on geo-politics and Fed-speak on Friday
Friday, NZD/USD traders will have to focus their attention exclusively on the US – on the budget battle in DC and on three Fed Head speeches being given throughout the day.
Technical outlook for NZD/USD
Technicians say resistance for NZD/USD comes in at Tuesday’s peak at 0.8340 and short-term support comes in at 0.8192. The next meaningful resistance and support for NZD/USD comes is at 0.8435 and 0.8126 respectively.
NZD/USD traders to focus on geo-politics and Fed-speak on Friday
Friday, NZD/USD traders will have to focus their attention exclusively on the US – on the budget battle in DC and on three Fed Head speeches being given throughout the day.
Technical outlook for NZD/USD
Technicians say resistance for NZD/USD comes in at Tuesday’s peak at 0.8340 and short-term support comes in at 0.8192. The next meaningful resistance and support for NZD/USD comes is at 0.8435 and 0.8126 respectively.