10 Mar 2015
NZD/USD drops to 0.7255
FXStreet (Córdoba) - The NZD/USD pair broke below 0.7300 and tumbled to 0.7256, the lowest level since February 3. A stronger US dollar pushed the pair to the downside.
After finding support above 0.7250, the kiwi attempted to recover but the 0.7290 area capped the recovery. Currently trades at 0.7275, 80 pips below yesterday’s closing price, falling for the fourth day in a row.
NZD/USD technical levels
To the upside, resistance could be located at 0.7290 (intraday level), 0.7310 and 0.7350. On the opposite direction support might lie at 0.7255 (daily low), 0.7225, 0.7200 and 0.7175 (Feb 3 low).
After finding support above 0.7250, the kiwi attempted to recover but the 0.7290 area capped the recovery. Currently trades at 0.7275, 80 pips below yesterday’s closing price, falling for the fourth day in a row.
NZD/USD technical levels
To the upside, resistance could be located at 0.7290 (intraday level), 0.7310 and 0.7350. On the opposite direction support might lie at 0.7255 (daily low), 0.7225, 0.7200 and 0.7175 (Feb 3 low).