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15 Apr 2013
Forex: NZD/USD recovers the mark of 0.8489/90
FXstreet.com (Barcelona) - The NZD/USD recovered lost ground off the 0.8470 level during US trading Monday. This proved to mark the trough of the pair’s decent today, as it has been moving higher in moments since. On the heels of economic data in the United States, the cross is now trading at 0.8489/90, whilst still incurring a staggering loss of -0.90%.
After falling below the 0.8528 supportive bastion, Mataf.net analysts calculate the NZD/USD will be grounded by further means of support at 0.8489 and 0.8432. Alternatively, recovering lost ground and breaching the 0.8624 will lead to the testing of resistances at 0.8681 and 0.8700.
In the United States, the NY Empire State Manufacturing Index came in at 3.05 in April, against expectations of 6.50. Moreover, the Net Long-term TIC Flows (February) yielded a result of $-17.8B, against estimates of $41.3B.
After falling below the 0.8528 supportive bastion, Mataf.net analysts calculate the NZD/USD will be grounded by further means of support at 0.8489 and 0.8432. Alternatively, recovering lost ground and breaching the 0.8624 will lead to the testing of resistances at 0.8681 and 0.8700.
In the United States, the NY Empire State Manufacturing Index came in at 3.05 in April, against expectations of 6.50. Moreover, the Net Long-term TIC Flows (February) yielded a result of $-17.8B, against estimates of $41.3B.