17 Dec 2014
NZD/USD hits 3-day low
FXStreet (Mumbai) - The Kiwi extended losses against the Greenback to hit a three-day low of 0.7717 after the New Zealand Balance of Payment deficit data hit the wires.
The NZD/USD pair currently trades 0.88% lower at 0.7733 levels, after having recovered slightly from a low of 0.7717. The Kiwi came under pressure after the data showed the third quarter current account deficit stood at NZD 5 billion, compared to the expected gap of NZD 5.35 billion. The investors now await the US CPI data for November and the Federal Reserve policy statement due later today.
NZD/USD Technical Levels
The pair has an immediate support located 0.77, under which losses could be extended to 0.7661 levels. Meanwhile, resistance is seen at 0.7749 (10-DMA) and 0.7766 (5-DMA) levels.
The NZD/USD pair currently trades 0.88% lower at 0.7733 levels, after having recovered slightly from a low of 0.7717. The Kiwi came under pressure after the data showed the third quarter current account deficit stood at NZD 5 billion, compared to the expected gap of NZD 5.35 billion. The investors now await the US CPI data for November and the Federal Reserve policy statement due later today.
NZD/USD Technical Levels
The pair has an immediate support located 0.77, under which losses could be extended to 0.7661 levels. Meanwhile, resistance is seen at 0.7749 (10-DMA) and 0.7766 (5-DMA) levels.