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26 Jun 2013
NZD/USD continues to pare gains
FXstreet.com (New York) - The NZD/USD foreign exchange rate has been bleeding its gains all during US trading, after peaking briefly at 0.7863 earlier today during the European session.
NZD/USD a clear-cut sell option
According to the Danske Research Team, “Given the recent volatility present in the NZD/USD we recommend selling on anything lower than 0.7845, targeting 0.7620 – moreover it is advised to place a stop at 0.7910 should a rally occur.”
NZD/USD still nets large gains
Presently, the NZD/USD is still notching a highly successful afternoon, settling at 0.7780, and up a robust +0.50% in these moments. Despite trading above the 0.7792 and 0.7842 resistances earlier, the pair has relinquished these levels and will now target these on the ascension. Conversely, a movement lower will initiate measures of support eventually at 0.7694, ahead of 0.7646 and 0.7596, notes the Mataf.net analyst team.
NZD/USD a clear-cut sell option
According to the Danske Research Team, “Given the recent volatility present in the NZD/USD we recommend selling on anything lower than 0.7845, targeting 0.7620 – moreover it is advised to place a stop at 0.7910 should a rally occur.”
NZD/USD still nets large gains
Presently, the NZD/USD is still notching a highly successful afternoon, settling at 0.7780, and up a robust +0.50% in these moments. Despite trading above the 0.7792 and 0.7842 resistances earlier, the pair has relinquished these levels and will now target these on the ascension. Conversely, a movement lower will initiate measures of support eventually at 0.7694, ahead of 0.7646 and 0.7596, notes the Mataf.net analyst team.