25 Aug 2015
NZD/USD steady above 0.6500 after yesterday’s sharp moves
FXStreet (Córdoba) - NZD/USD is rising on Tuesday as financial market conditions improve worldwide and following a rate cut in China. The pair peaked after the Chinese rate cut at 0.6560 and then pulled back modestly.
During the last hours it has remains steady moving in a range with support at 0.6515 and resistance below 0.6550. At the moment it trades at 0.6530, almost a hundred pips above yesterday’s closing price.
On Monday amid a global selloff in equities NZD/USD made a dramatic run lower, approaching 0.6100, but then rebounded recovering from most of the losses.
NZD/USD technical levels
To the upside, resistance level could be located at 0.6560 (daily high), 0.6600 (August 18 high, August 21 low) and 0.6645/50. On the opposite side, below 0.6500 supports might lie at 0.6475, 0.6440 and 0.6420.
During the last hours it has remains steady moving in a range with support at 0.6515 and resistance below 0.6550. At the moment it trades at 0.6530, almost a hundred pips above yesterday’s closing price.
On Monday amid a global selloff in equities NZD/USD made a dramatic run lower, approaching 0.6100, but then rebounded recovering from most of the losses.
NZD/USD technical levels
To the upside, resistance level could be located at 0.6560 (daily high), 0.6600 (August 18 high, August 21 low) and 0.6645/50. On the opposite side, below 0.6500 supports might lie at 0.6475, 0.6440 and 0.6420.