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6 May 2013
Forex: NZD/USD regains 0.8500
FXstreet.com (Barcelona) - After dipping to session lows in the boundaries of 0.8490, the kiwi dollar has managed to gather traction and retake the 0.8500 handle on Monday, as risk appetite continues to shrink.
According to I.Spivak at DailyFX, “Prices are consolidating around the 0.85 figure. Near-term trend line resistance is at 0.8558, with a break above that targeting swing highs at 0.8585 and 0.8675. Trend-line support is at 0.8453. A move beneath that eyes a pivot support level at 0.8389”.
At the moment, the cross is down 0.47% at 0.8501 with the next support at 0.8474 (low May 3) followed by 0.8456 (low May 2).
On the upside, a surpass of 0.8587 (high Apr.30) would expose 0.8625 (hourly high/lows Apr.2) and finally 0.8643 (high Apr.12).
According to I.Spivak at DailyFX, “Prices are consolidating around the 0.85 figure. Near-term trend line resistance is at 0.8558, with a break above that targeting swing highs at 0.8585 and 0.8675. Trend-line support is at 0.8453. A move beneath that eyes a pivot support level at 0.8389”.
At the moment, the cross is down 0.47% at 0.8501 with the next support at 0.8474 (low May 3) followed by 0.8456 (low May 2).
On the upside, a surpass of 0.8587 (high Apr.30) would expose 0.8625 (hourly high/lows Apr.2) and finally 0.8643 (high Apr.12).