26 May 2015
NZD/USD approaches 2015 lows
FXStreet (Córdoba) - NZD/USD is falling sharply on Tuesday amid a stronger US dollar and risk aversion. The pair attempted to recover ground during the European session but after the release of economic data in the United States resumed the downside and dropped to fresh lows, approaching 2015 lows.
The pair was trading near 0.7300 before turning to the downside. After breaking below 0.7265 accelerated and bottomed at 0.7227, the lowest level since March 11.
Currently trades at 0.7240, 80 pips below the level it closed yesterday. If it ends Tuesday below 0.7220 it would post the lowest daily close since 2010.
NZD/USD technical level
To the downside support levels might lie at 0.7225 (daily low), 0.7200 and 0.7175 (Feb 3 low). On the opposite direction, resistance could be located at 0.7275/80 (May 20 low), 0.7325 (daily high) and 0.7370.
The pair was trading near 0.7300 before turning to the downside. After breaking below 0.7265 accelerated and bottomed at 0.7227, the lowest level since March 11.
Currently trades at 0.7240, 80 pips below the level it closed yesterday. If it ends Tuesday below 0.7220 it would post the lowest daily close since 2010.
NZD/USD technical level
To the downside support levels might lie at 0.7225 (daily low), 0.7200 and 0.7175 (Feb 3 low). On the opposite direction, resistance could be located at 0.7275/80 (May 20 low), 0.7325 (daily high) and 0.7370.