Sasha Singh
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Today's Pair to Watch : NZDUSD

NZDUSD : Daily Chart

NZDUSD finally found support at .8472 after declining from the all-time highs. Investors seem like waiting for the job data releasing tomorrow at 6:45 PM EDT. To be updated from the upcoming data click here. Earlier the pair was declining even after the downbeat US non-farm payroll data. However the pair might also reverse this downtrend if it is able to hold above the 200 day SMA. If it will continue to decline below the 200 day SMA, it will confirm the bearish outlook on the pair. The next nearest support for the pair is at .8400 if it continues to decline. However if it rises above the current resistance at .8530 the next resistance it may find is at .8562.

NZDUSD : 4 Hour Chart

On the 4 hour chart, the pair is trading within a narrow range of resistance at .8530 and support at .8473. 50 day SMA and 100 day SMA are sharply heading towards downward direction and might resist the pair to move above them. So the gains seem limited on the pair.