NZD/USD recovers from 3-week lows

FXStreet (Córdoba) - The NZD/USD has been able to erase losses and currently trades at 0.8553, up 0.09% for the day so far. During the Asian session the NZD/USD dropped to 0.8525, reaching the lowest price since April 29.

Afterwards the pair rebounded and moved all day with an upside bias, peaking at 0.8556. In the last hours it has been steady hovering around 0.8550/55, on a quiet US session with Wall Street closed.

NZD/USD finds support after another weekly loss

The pair is bouncing after being able to find support above 0.8500. Last week the Kiwi dropped sharply against Greenback and posted the lowest weekly close since March.