21 Jul 2014
NZD/USD consolidates below 0.8700
FXStreet (Córdoba) - The NZD/USD is trading practically flat on Monday, consolidating below 0.8700 as the currency market remains quiet. Price peaked at 0.8719 but then turned to the downside and bottomed at 0.8685.
Since the last five hours the pair is moving within a small trading range with support at 0.8685 and resistance below 0.8700.
NZD/USD technical outlook
The dominant trend is still bullish but in the short term is still making a bearish correction. The pair dropped in four out of the five days if last week, moving away from record highs and it was unable to hold above 0.8800.
Since the last five hours the pair is moving within a small trading range with support at 0.8685 and resistance below 0.8700.
NZD/USD technical outlook
The dominant trend is still bullish but in the short term is still making a bearish correction. The pair dropped in four out of the five days if last week, moving away from record highs and it was unable to hold above 0.8800.