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19 Aug 2013
NZD/USD retreats from 3-month high
FXstreet.com (Córdoba) - The NZD/USD came under pressure during the European session and has been steadily receding ground ever since weighed by the decline in risk appetite.
NZD/USD dips back below 0.8100
NZD/USD dropped nearly 90 pips from highs, breaking below the 0.8100 mark to bottom out at 0.8076 in recent dealings. At time of writing, NZD/USD is trading at the 0.8080 zone, still 0.4% below its opening price.
NZD/USD technical levels
As for technical levels, immediate supports for NZD/USD could be found at 0.8076 (daily low), 0.8050 (100-hour SMA) and 0.8015 (10-day SMA). On the flip side, resistances are seen at 0.8105 (100-day SMA) and 0.8162 (3-month high scored earlier).
NZD/USD dips back below 0.8100
NZD/USD dropped nearly 90 pips from highs, breaking below the 0.8100 mark to bottom out at 0.8076 in recent dealings. At time of writing, NZD/USD is trading at the 0.8080 zone, still 0.4% below its opening price.
NZD/USD technical levels
As for technical levels, immediate supports for NZD/USD could be found at 0.8076 (daily low), 0.8050 (100-hour SMA) and 0.8015 (10-day SMA). On the flip side, resistances are seen at 0.8105 (100-day SMA) and 0.8162 (3-month high scored earlier).