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28 Nov 2013
NZD/USD falls to 0.8142 9-week lows
FXstreet.com (Chicago) - NZD/USD continues under high bearish pressure and falls to 9-week lows at 0.8142 ahead of Tokyo’s open and the ANZ business confidence results in NZ.
NZD/USD Technical Levels
Price action reveals the pair extends the bearish channel and is navigating on what seems the neckline of a H&S pattern under completion is further declines take place. Technically speaking, the pair is offered at 0.8146 and navigates between the supports aligned at 0.8124 (November 22nd lows), 0.8094 (September 14th lows) ahead of 0.8049 (August 8th highs) and the resistances set at 0.8152 (November 23rd lows), 0.82 (November 12th lows) followed by 0.8260 (November 25th highs). The pair lost pips throughout the journey after the strengthening of the dollar across the board on better than expected job market results.
NZD/USD Technical Levels
Price action reveals the pair extends the bearish channel and is navigating on what seems the neckline of a H&S pattern under completion is further declines take place. Technically speaking, the pair is offered at 0.8146 and navigates between the supports aligned at 0.8124 (November 22nd lows), 0.8094 (September 14th lows) ahead of 0.8049 (August 8th highs) and the resistances set at 0.8152 (November 23rd lows), 0.82 (November 12th lows) followed by 0.8260 (November 25th highs). The pair lost pips throughout the journey after the strengthening of the dollar across the board on better than expected job market results.