15 Jul 2014
NZD/USD tumbles to 0.8750
FXStreet (Córdoba) - The NZD/USD peaked at 0.8817 during the US session but then reversed quickly and tumbled, bottoming at 0.8748, the lowest price since July 8.
From the 0.8750 area that capped the downside the pair rebounded and currently trades at 0.8763, down 0.48% for the day. The pair is falling for the fourth day in a row as it continues to pullback from multi-year highs.
NZD/USD levels to consider
To the downside the immediate support lies around the 0.8750 area (daily low) followed by 0.8725 (June 30 low) and 0.8710. On the upside immediate resistance could be located at 0.8770/75 (American session high) and 0.8795.
From the 0.8750 area that capped the downside the pair rebounded and currently trades at 0.8763, down 0.48% for the day. The pair is falling for the fourth day in a row as it continues to pullback from multi-year highs.
NZD/USD levels to consider
To the downside the immediate support lies around the 0.8750 area (daily low) followed by 0.8725 (June 30 low) and 0.8710. On the upside immediate resistance could be located at 0.8770/75 (American session high) and 0.8795.