28 Jun 2013
NZD/USD nears 0.7700 support
FXstreet.com (Córdoba) - The NZD/USD joined the latest wave of dollar buying and fell to fresh daily lows during the NY session.
NZD/USD under pressure
NZD/USD came under pressure and dipped to a low of 0.7708 before finding support. The pair is currently trading at the 0.7730 area, down 0.8% on the day. However, from a wider view, NZD/USD has spent most of the week within 0.7700/0.7850, stabilizing after the sharp sell-off seen in the wake of the Fed decision last week.
In terms of technical levels, NZD/USD could found next support levels at 0.7700 (psychological level) and 0.7683 (Jun 24 low), while resistances are seen at 0.7815 (200-hour SMA) and 0.7850 (Jun 27 high).
NZD/USD under pressure
NZD/USD came under pressure and dipped to a low of 0.7708 before finding support. The pair is currently trading at the 0.7730 area, down 0.8% on the day. However, from a wider view, NZD/USD has spent most of the week within 0.7700/0.7850, stabilizing after the sharp sell-off seen in the wake of the Fed decision last week.
In terms of technical levels, NZD/USD could found next support levels at 0.7700 (psychological level) and 0.7683 (Jun 24 low), while resistances are seen at 0.7815 (200-hour SMA) and 0.7850 (Jun 27 high).