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12 Aug 2013
NZD/USD erases daily losses
FXstreet.com (Córdoba) - The NZD/USD bounced from lows and erased intraday losses during the American, underpinned by a positive turnaround seen in stocks.
NZD/USD back to mid-range
The NZD/USD however, lacked momentum to turn intraday positive and stalled at the 0.8040 zone. At time of writing, NZD/USD is trading around 0.8035, roughly the mid-point of today’s range, having recovered from a low of 0.7990.
NZD/USD technical levels
In terms of technical levels, the NZD/USD could find immediate resistances at 0.8056 (daily high) and 0.8099 (July 29 high), while supports are seen at the 0.8000/0.7990 zone (psychological level/daily low) and 0.7955 (21-day SMA).
NZD/USD back to mid-range
The NZD/USD however, lacked momentum to turn intraday positive and stalled at the 0.8040 zone. At time of writing, NZD/USD is trading around 0.8035, roughly the mid-point of today’s range, having recovered from a low of 0.7990.
NZD/USD technical levels
In terms of technical levels, the NZD/USD could find immediate resistances at 0.8056 (daily high) and 0.8099 (July 29 high), while supports are seen at the 0.8000/0.7990 zone (psychological level/daily low) and 0.7955 (21-day SMA).