6 Nov 2014
NZD/USD erases gains, back below 0.7700
FXStreet (Córdoba) - The kiwi failed to hold to gains against the US dollar and lost ground during the American session. NZD/USD printed a fresh session low at 0.7689. Greenback gained momentum across the board and erased losses versus commodity currencies.
The pair is falling for the second day in a row and headed toward the lowest daily close since June 2012 as it continues under pressure.
NZD/USD levels to watch
To the upside immediate resistance might lie at 0.7710 and above here at 0.7755/60 (daily high) and then 0.7780. On the opposite direction support could be located at 0.7680 and below here at 0.7665 (daily low) and 0.7645.
The pair is falling for the second day in a row and headed toward the lowest daily close since June 2012 as it continues under pressure.
NZD/USD levels to watch
To the upside immediate resistance might lie at 0.7710 and above here at 0.7755/60 (daily high) and then 0.7780. On the opposite direction support could be located at 0.7680 and below here at 0.7665 (daily low) and 0.7645.