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25 Feb 2014
NZD/USD steady between 0.8345 and 0.8315
FXStreet (Córdoba) - The NZD/USD finished flat on Tuesday trading at 0.8326, after a quiet American session. The pair continues to trade sideways, inside a small range with resistance at 0.8345 (February 25 high) and with support at 0.8315 (February 25 low, February 21 high).
Outlook for the NZD/USD
Currently moving in a small range that could hold during the Asian session, amid lack of economic information. On a wider perspective momentum continues to favor the upside, after breaking on Monday short-term resistance lines.
To the upside, between yesterday’s highs and 0.8350 (February 17 lows) the NZD/USD has a strong resistance area; above the Kiwi could gain momentum. To the downside, support levels below 0.8315 lie at 0.8300 and then 0.8260 (February 24 low).
Outlook for the NZD/USD
Currently moving in a small range that could hold during the Asian session, amid lack of economic information. On a wider perspective momentum continues to favor the upside, after breaking on Monday short-term resistance lines.
To the upside, between yesterday’s highs and 0.8350 (February 17 lows) the NZD/USD has a strong resistance area; above the Kiwi could gain momentum. To the downside, support levels below 0.8315 lie at 0.8300 and then 0.8260 (February 24 low).