6 Jul 2015
NZD/USD recovery from 5-year lows remains limited
FXStreet (Córdoba) - NZD/USD reached a fresh daily high during the American session at 0.6715 and it was hovering around 0.6700, slightly above the level it closed on Friday.
The pair reversed and eared losses. It opened the week trading at 0.6643, fresh 5-year low, after the victory of the “no” in the Greek referendum but then bounced to the upside.
The recovery of NZD/USD remains limited. Is the third time so far today that it is attempting to make a rally above 0.6700. The pair continues to consolidate near the lowest level since June 2010, still facing bearish pressure.
NZD/USD technical levels
To the upside, resistance levels could be located at 0.6715 (daily high), 0.6735 (July 2, 3 high) and 0.6785. On the opposite direction, support might lie at 0.6640/45 (daily low), 0.6600 and 0.6560.
The pair reversed and eared losses. It opened the week trading at 0.6643, fresh 5-year low, after the victory of the “no” in the Greek referendum but then bounced to the upside.
The recovery of NZD/USD remains limited. Is the third time so far today that it is attempting to make a rally above 0.6700. The pair continues to consolidate near the lowest level since June 2010, still facing bearish pressure.
NZD/USD technical levels
To the upside, resistance levels could be located at 0.6715 (daily high), 0.6735 (July 2, 3 high) and 0.6785. On the opposite direction, support might lie at 0.6640/45 (daily low), 0.6600 and 0.6560.