25 Mar 2014
NZD/USD rises further, eyes 0.8600
FXStreet (Córdoba) - The NZD/USD reached a fresh 4-day high during the American session at 0.8588, extending gains. Price remains above 0.8565 near Wall Street closing bell, consolidating a gain of 30 pips.
Before the beginning of New York trading price fell to 0.8530, but rebounded with enough strength to break 0.8560/65 (March 21, 24 highs).
Levels to watch for the NZD/USD
To the upside immediate resistance lies at 0.8605 (March 13 highs and psychological level) and above here at 0.8635/40 (March highs). To the downside immediate support could be located at 0.8565 and below here at 0.8530 (daily low), 0.8515 and 0.8500.
Before the beginning of New York trading price fell to 0.8530, but rebounded with enough strength to break 0.8560/65 (March 21, 24 highs).
Levels to watch for the NZD/USD
To the upside immediate resistance lies at 0.8605 (March 13 highs and psychological level) and above here at 0.8635/40 (March highs). To the downside immediate support could be located at 0.8565 and below here at 0.8530 (daily low), 0.8515 and 0.8500.