9 Dec 2014
NZD/USD moves into positive territory
FXStreet (Mumbai) - The Kiwi has recovered losses to trade in green against the Greenback, tracking a decline in the US treasury yields and a rebound in the EUR and GBP.
The NZD/USD pair now trades 0.19% higher at 0.7677, after having recovered from the low of 0.7609 levels. Moreover, the US dollar is witnessing a correction against most of its G-10 peers as a bout of risk-aversion in the Asian markets pushed the US 10-y r treasury yields lower to 2.25%.
The Kiwi had also come under pressure earlier today after the electronic retail card spending in November declined 0.1% month-on-month, against the expected gain of 0.2%.
NZD/USD Technical Levels
The pair has an immediate resistance located at 0.7685, above which gains could be extended to 0.7716 (5-DMA). Meanwhile, support is seen at 0.7660 (Nov 7 low) and 0.7607.
The NZD/USD pair now trades 0.19% higher at 0.7677, after having recovered from the low of 0.7609 levels. Moreover, the US dollar is witnessing a correction against most of its G-10 peers as a bout of risk-aversion in the Asian markets pushed the US 10-y r treasury yields lower to 2.25%.
The Kiwi had also come under pressure earlier today after the electronic retail card spending in November declined 0.1% month-on-month, against the expected gain of 0.2%.
NZD/USD Technical Levels
The pair has an immediate resistance located at 0.7685, above which gains could be extended to 0.7716 (5-DMA). Meanwhile, support is seen at 0.7660 (Nov 7 low) and 0.7607.