NZD/USD erases losses and climbs above 0.8240

FXStreet (Córdoba) - The NZD/USD bottomed earlier a 0.8515, the lowest price since the beginning of the month but then turned to the upside and climbed to 0.8550 after Wall Street opening printing a fresh daily high.

A weakness in the US dollar pushed to the upside the NZD/USD that is still facing some downside pressure on a wider perspective.

NZD/USD levels to watch

To the upside immediate resistance lies at 0.8550 (daily high) and above here at 0.8570 and 0.8590 (April 25 high). To the downside, the area around 0.8530 could be the first support followed by daily lows at 0.8515 and then the 0.8300 area.