Back
24 Feb 2014
NZD/USD remains below 0.8300
FXStreet (Córdoba) - The NZD/USD opened the week around 0.8280 trading at the same price it did during the last hours of Friday’s American session. Early in Asia is moving sideways in a small range above 0.8270 and below 0.8290.
NZD/USD likely to remain limited
According to Jim Langlands, from FX Charts, below 0.8270 would suggest further declines toward 0.8255, “below that, albeit probably not today, would see a return to last week’s 0.8242 low, and eventually eventually to 0.8220 (50% pivot of 0.8051/0.8392) and then 0.8180 (61.8%)”.
To the upside Langlands points out that above 0.8300 sellers would come again at 0.8315 and then at 0.8330, “beyond which would head towards 0.8345”.
NZD/USD likely to remain limited
According to Jim Langlands, from FX Charts, below 0.8270 would suggest further declines toward 0.8255, “below that, albeit probably not today, would see a return to last week’s 0.8242 low, and eventually eventually to 0.8220 (50% pivot of 0.8051/0.8392) and then 0.8180 (61.8%)”.
To the upside Langlands points out that above 0.8300 sellers would come again at 0.8315 and then at 0.8330, “beyond which would head towards 0.8345”.