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15 Aug 2013
NZD/USD collapses to 0.8000
FXstreet.com (San Francisco) - The NZD/USD has been hit hard by the 0.8100 resistance and after testing this level in the European session, the pais has been launched more than 100 pips down to trade below the 0.8000 and trade as low as 0.7990.
Currently, the NZD/USD is pricing at 0.8005, 0.30% negative on the day. The short term perspective is slightly bearish according to the FXstreet.com trend index in the 15-minute chart. Indicators such as MACD, CCI and Momentum are pointing to the south while the Stochastic is bullish.
Below the 0.8000 area, next supports are at 0.7985, 0.7935 and 0.7880. To the upside, resistances are at 0.8050, 0.8100 and 0.8135.
Currently, the NZD/USD is pricing at 0.8005, 0.30% negative on the day. The short term perspective is slightly bearish according to the FXstreet.com trend index in the 15-minute chart. Indicators such as MACD, CCI and Momentum are pointing to the south while the Stochastic is bullish.
Below the 0.8000 area, next supports are at 0.7985, 0.7935 and 0.7880. To the upside, resistances are at 0.8050, 0.8100 and 0.8135.