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22 May 2013
NZD/USD collapses to 0.8072/75 amidst Bernanke volatility
FXstreet.com (Barcelona) - The NZD/USD has traded with extreme volatility surrounding the Bernanke testimony today during US trading.
The pair made an upside attempt that was stonewalled at the 0.8190 level, before crashing over 100 pips to trade at session lows at 0.8072/75 in these moments. At this level, the NZD/USD is deeply entrenched in negative territory, netting a huge loss of -1.14% Wednesday.
Following a staunch break below the 0.8115 support, Mataf.net analysts point to the next means of support for the NZD/USD at 0.8069 and 0.8021. Conversely, an additional recover attempt higher will lead to resistances at the 0.8209 level, followed by 0.8257 and 0.8303.
The pair made an upside attempt that was stonewalled at the 0.8190 level, before crashing over 100 pips to trade at session lows at 0.8072/75 in these moments. At this level, the NZD/USD is deeply entrenched in negative territory, netting a huge loss of -1.14% Wednesday.
Following a staunch break below the 0.8115 support, Mataf.net analysts point to the next means of support for the NZD/USD at 0.8069 and 0.8021. Conversely, an additional recover attempt higher will lead to resistances at the 0.8209 level, followed by 0.8257 and 0.8303.