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12 Jun 2013
NZD/USD jumps to 0.7965/67 ahead of RBNZ
FXstreet.com (New York) - The NZD/USD foreign exchange has bulled higher during European trading, easing in recent minutes off of its European highs at 0.7976 Wednesday.
NZD/USD eyes RBNZ later today
Later tonight in New Zealand, the RBNZ Interest Rate Decision will be the marquee event of overnight trading at 21:00 GMT. Additionally, the RBNZ is slated to release a policy statement at this time.
At the time of writing, the NZD/USD has notched a robust gain of +1.17%, operating at 0.7965/67. Given the recent performance of the pair, Mataf.net analysts point to the next level of resistive correction for the NZD/USD at 0.7971, then 0.8027, and finally 0.8133. On the decline, supportive structures will activate at 0.7809, ahead of 0.7703, and finally 0.7607.
NZD/USD positive bias reflected above 0.7925
According to the Technical Analyst Team at ICN.com, “The NZD/USD rebounded strongly upside after staunchly dropping on Tuesday. The path is clear for the downtrend to return to the scene, especially with the negativity of Linear Regression Indicators. On the other end, the stochastic is reflecting a positive bias, but the NZD/USD must settle below 0.7925 (61.8% correction) in order to confirm the return of the bearish trend.”
NZD/USD eyes RBNZ later today
Later tonight in New Zealand, the RBNZ Interest Rate Decision will be the marquee event of overnight trading at 21:00 GMT. Additionally, the RBNZ is slated to release a policy statement at this time.
At the time of writing, the NZD/USD has notched a robust gain of +1.17%, operating at 0.7965/67. Given the recent performance of the pair, Mataf.net analysts point to the next level of resistive correction for the NZD/USD at 0.7971, then 0.8027, and finally 0.8133. On the decline, supportive structures will activate at 0.7809, ahead of 0.7703, and finally 0.7607.
NZD/USD positive bias reflected above 0.7925
According to the Technical Analyst Team at ICN.com, “The NZD/USD rebounded strongly upside after staunchly dropping on Tuesday. The path is clear for the downtrend to return to the scene, especially with the negativity of Linear Regression Indicators. On the other end, the stochastic is reflecting a positive bias, but the NZD/USD must settle below 0.7925 (61.8% correction) in order to confirm the return of the bearish trend.”