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10 Jan 2014
NZD/USD finds supports at 0.8230
FXstreet.com (Córdoba) - After ending Thursday at 0.8250 the NZD/USD turned to the downside, falling to test previous lows at 0.8230. So far the Kiwi has been able to hold above the mentioned level and at the moment of writing is moving to the upside, erasing losses trading at 0.8245.
Technical outlook for the NZD/USD
The trend in the short-term term is slightly bearish as the NZD/USD consolidates below 0.8250, level that capped the downside at the beginning of the current week. But price movements have been slow in the last hours suggesting some consolidation ahead.
“The Kiwi is a bit lower today but is largely uninteresting as it chops around between 0.82/0.83. More of the same looks likely for the coming session and the points to watch remain pretty much the same”, says Jim Langlands, from FX Charts.
Technical outlook for the NZD/USD
The trend in the short-term term is slightly bearish as the NZD/USD consolidates below 0.8250, level that capped the downside at the beginning of the current week. But price movements have been slow in the last hours suggesting some consolidation ahead.
“The Kiwi is a bit lower today but is largely uninteresting as it chops around between 0.82/0.83. More of the same looks likely for the coming session and the points to watch remain pretty much the same”, says Jim Langlands, from FX Charts.