Exchange rates

NZDUSD

Delayed 10:33:16 2024-04-25 pm EDT			5-day change	1st Jan Change
0.5965 ^USD	+0.14%		+1.10%	-5.65%

04:43am	INDIA RUPEE-Rupee to see muted reaction to US inflation flare-up	RE
04:38am	INDIA BONDS-Fresh peaks in Treasury yields to push Indian bond rates higher	RE

NZD/USD Former Lows are Now Estimated Resistance Levels

September 16, 2014 at 02:25 pm EDT

DailyFX.com -

Daily

NZD/USD Former Lows are Now Estimated Resistance Levels

Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0

Automate trades with Mirror Trader and see ideas on other USD crosses

-“NZDUSD has dropped into the open price for 2014. The vicinity is also marked by the 50% retracement of the advance from the 2013 low. The broader trend is lower as long as price is below .8514 but this is a good place for a bounce (resistance is .8350 and .8420).” Resistance is estimated at .8300 (minor) and .8400 (major). Both levels are former lows.

--Tradingideas are availabletoJ.S. Trade Desk members.

original source

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