24 Mar 2014
NZD/USD faces resistance at 0.8570
FXStreet (Córdoba) - The NZD/USD finished Monday slightly higher after moving in a range of 50 pips, between 0.8567 and 0.8515. During yesterday’s Asian session the pair moved to the downside but then gained momentum and rose, but the upside found resistance barely below 0.8570.
NZD/USD levels to watch
The NZD/USD continues to face resistance at the 0.8570 zone. The mentioned area also capped the upside also on Friday. To the downside, price found support last week at 0.8500 and yesterday at 0.8515.
Since last Thursday the pair is moving sideways above 0.8500 after being able to consolidate following a strong decline on Wednesday on the back of the FOMC statement. Early in Asia trades at 0.8540, near the price it closed last Friday.
NZD/USD levels to watch
The NZD/USD continues to face resistance at the 0.8570 zone. The mentioned area also capped the upside also on Friday. To the downside, price found support last week at 0.8500 and yesterday at 0.8515.
Since last Thursday the pair is moving sideways above 0.8500 after being able to consolidate following a strong decline on Wednesday on the back of the FOMC statement. Early in Asia trades at 0.8540, near the price it closed last Friday.