# Support Areas on NZD/USD (October 22, 2013) Source: https://www.tradersway.com/resources/market-info/support-areas-on-nzd-usd-october-22-2013/ Language: en Updated: 2013-10-22 Description: Explore Support Areas on NZD/USD (October 22, 2013). NZD/USD seems. Trade Forex and CFDs on MT4 and MT5 with tight spreads, flexible leverage and fast funding. NZD/USD seems to need more buying power before sustaining its recent rallies, and a quick retracement might be in the cards. The Fibonacci retracement tool on its 1-hour time frame shows that the 38.2% Fib is in line with the previous highs around the .8400 handle while the 61.8% Fib is in line with a former resistance area around .8350. A pullback to these levels could result to a continuation of the pair’s uptrend. Stochastic is still pointing down, which means that Kiwi bears could push the pair a bit lower. A turn from the oversold region could mean that the rally is underway. ![Support Areas on NZD/USD (October 22, 2013)] Going long at .8350 with a stop below .8300 and a target of the previous highs around .8500 would be a good return on risk for a day trade. *By Kate Curtis from Trader’s Way* ## Structured data JSON-LD as served in the HTML version of this page. ```json { "@context": "https://schema.org", "@graph": [ { "@type": "Article", "@id": "https://www.tradersway.com/resources/market-info/support-areas-on-nzd-usd-october-22-2013/#primary", "url": "https://www.tradersway.com/resources/market-info/support-areas-on-nzd-usd-october-22-2013/", "mainEntityOfPage": "https://www.tradersway.com/resources/market-info/support-areas-on-nzd-usd-october-22-2013/", "headline": "Support Areas on NZD/USD (October 22, 2013)", "inLanguage": "en", "datePublished": "2013-10-22T12:07:57+00:00", "dateModified": "2013-10-22T12:07:57+00:00", "articleSection": "Market Info", "description": "Explore Support Areas on NZD/USD (October 22, 2013). 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