13 Jan 2014
NZD/USD breaks above 0.8320
FXstreet.com (Córdoba) - The NZD/USD broke above last week highs during the Asian session and climbed to 0.8328, reaching the strongest level in a month.
The Kiwi gained momentum against the US dollar after the release of the US employment report. On Friday the pair bottomed at 0.8205 but rebounded sharply to the upside, ending the week at 0.8300. From Friday's lows it has now risen 120 pips, as currently trades near the highs at 0.8337, up 0.33% from today's opening price.
NZD/USD technical levels to watch
To the upside immediate resistance could be located at 0.8335 (December 10 high) and above at 0.8360 and 0.8405 (November 18 high). To the downside, support now comes at 0.8305, 0.8280 (daily low) and 0.8250 (January 6, 7 low).
The Kiwi gained momentum against the US dollar after the release of the US employment report. On Friday the pair bottomed at 0.8205 but rebounded sharply to the upside, ending the week at 0.8300. From Friday's lows it has now risen 120 pips, as currently trades near the highs at 0.8337, up 0.33% from today's opening price.
NZD/USD technical levels to watch
To the upside immediate resistance could be located at 0.8335 (December 10 high) and above at 0.8360 and 0.8405 (November 18 high). To the downside, support now comes at 0.8305, 0.8280 (daily low) and 0.8250 (January 6, 7 low).