FXstreet.com (San Francisco) - Today, NZD/USD extended its bounce from the 0.8110 base set Tuesday to fresh 6-day highs; the pair has rallied to as high as 0.8225, not seen since Oct 9.
If NZD/USD closes the NA session at current levels, a bullish reversal bar will come into play, which found support at a 50% retracement level and within an underlying bullish trend bias. The 50-day EMA also attracted buyers.
The 0.8250 level is an important resistance area to keep an eye on (23.6%, 0.7912/0.8355 upswing). The August 23 peak at 0.8185 offers support on dips. At the time of writing, price trades around the 0.8215 mark, recording a 0.9% gain ahead of the closing bell.
If NZD/USD closes the NA session at current levels, a bullish reversal bar will come into play, which found support at a 50% retracement level and within an underlying bullish trend bias. The 50-day EMA also attracted buyers.
The 0.8250 level is an important resistance area to keep an eye on (23.6%, 0.7912/0.8355 upswing). The August 23 peak at 0.8185 offers support on dips. At the time of writing, price trades around the 0.8215 mark, recording a 0.9% gain ahead of the closing bell.
