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NZD/USD violates support at 0.8124

FXstreet.com (Chicago) – NZD/USD succumbed to bearish pressure violating the immediate support at 0.8124 momentarily ahead of data releases in NZ after a super quiet day in the US on Thanksgiving holiday.

NZD/USD Technical Levels

Price action reveals the pair is offered at 0.8124 dipping below the immediate support momentarily on strong bearish pressure shortly after the end of the American trading hours. Rebounding, the pair attempts to consolidate above the 0.8130 zone and oscillates back between the supports aligned at 0.8124 (November 22nd lows), 0.8094 (September 14th lows) ahead of 0.8049 (August 8th highs) and the resistances set at 0.8152 …read more