NZD/USD clings to modest intraday gains

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Oct 26, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    FXStreet (Córdoba) - NZD/USD resumed the upside and clings to modest intraday gains at the beginning of the New York session, ahead of a series of second-tier US indicators and New Zealand trade balance figures due next Asian session.

    Following a short-lived correction, NZD/USD found support at the 0.6755 area and climbed back to the upper side of its daily range. At time of writing, the pair is trading at 0.6783, still up 0.59% on the day.

    NZD/USD levels to watch

    As for technical levels, NZD/USD could find immediate resistances at 0.6792 (Oct 26 high), 0.6865 (Oct 23 high) and 0.6897 (Oct 15 high). On the flip side, supports are seen at 0.6739 (Oct 26 low), 0.6698 (Oct 21 low) and 0.6609 (100-day SMA).
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