NZD/USD in ranges between 0.8610 and 0.8575

FXStreet (Córdoba) - The NZD/USD is rising moderately on Monday headed toward the second daily gains in a row but is has been unable to confirm above 0.8600. Price is moving in a short term range with resistance below 0.8615 and support above 0.8575.

During the Asian session the Kiwi peaked at 0.8615 hitting the strongest level since April 2 against the US dollar but then bounced to the downside finding support again around 0.8575.

The Kiwi is consolidating post NFP gains as it trades around 0.8600, after rising sharply in Friday, recovering from levels near 0.8500. The area around 0.8500 has become and important support level that has been capping the downside since mid March.