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8 Jan 2014
NZD/USD remains near 0.8300
FXstreet.com (Córdoba) - The NZD/USD continues to trade in a range, close to 0.8300. During Tuesday the pair reached 0.8302 but it was unable to break higher and pulled back ending the day at 0.8280. The Kiwi continues to outperform among commodity currencies, supported by economic expectations from New Zealand.
Technical outlook for the NZD/USD
Since the beginning of the week tested the 0.8300 area several times but failed to break higher. Retracements from the mentioned levels found support above 0.8250. The trading range has narrowed in the last hours, with the NZD/USD making higher lows and lower highs.
In a wider view, since December the pair has also being moving in a range with resistance at 0.8300 and support above 0.8100.
Technical outlook for the NZD/USD
Since the beginning of the week tested the 0.8300 area several times but failed to break higher. Retracements from the mentioned levels found support above 0.8250. The trading range has narrowed in the last hours, with the NZD/USD making higher lows and lower highs.
In a wider view, since December the pair has also being moving in a range with resistance at 0.8300 and support above 0.8100.