14 May 2014
NZD/USD consolidates above 0.8650
FXStreet (Córdoba) - The NZD/USD is rising on Wednesday and currently trades at 0.8670, up 0.50% for the day so far, having previously posted a daily high at 0.8680 and a low at 0.8611. It is the best day in a week for the pair.
NZD/USD technical outlook
Since European hours the pair is moving sideways, consolidating gains in a range with support above 0.8650 and resistance below 0.8675. It is the second day in a row that the Kiwi is rising against the US dollar, moving slowly away from 0.8600.
To the upside, above 0.8670 the next resistance could be located at 0.8700 and above here at 0.8740. To the downside support might be located at 0.8650 and then 0.8615/20 followed by 0.8600.
NZD/USD technical outlook
Since European hours the pair is moving sideways, consolidating gains in a range with support above 0.8650 and resistance below 0.8675. It is the second day in a row that the Kiwi is rising against the US dollar, moving slowly away from 0.8600.
To the upside, above 0.8670 the next resistance could be located at 0.8700 and above here at 0.8740. To the downside support might be located at 0.8650 and then 0.8615/20 followed by 0.8600.