July 24, 2013 (5:10 pm) – The NZDUSD pair has been on an uptrend as seen on its 1-hour chart. The kiwi has risen against the US dollar and has brought the pair to a high of around 0.8000 from a low of around 0.7740. However, the pair has met a resistance at 0.8000, causing it to fall back again. At present, the pair may be seeing a support at its former resistance at 0.7950. Notice also that this level coincides with its uptrend line. So if the 0.7950 support holds then the pair may go back to 0.8000. On the other hand, a fall below 0.7950 may send it down to 0.7900.
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