9 Jan 2015
NZD/USD holds above 0.7800 after NFP
FXStreet (Córdoba) - NZD/USD is trading at the same level it had before the release of the US employment report, holding above 0.7800.
Immediately after the release the pair jumped to 0.7846, reaching the highest price since December 31 but then bounced to the downside and printed a fresh daily low 0.7793. Afterwards climbed back above 0.7800 and stabilized around 0.7810, where currently trades, unchanged for the day.
The kiwi is having so far the best week against the US dollar since early November after rising 200 pips from Monday’s lows. Despite the strong recovery, NZD/USD still faces a strong resistance around 0.7850.
Immediately after the release the pair jumped to 0.7846, reaching the highest price since December 31 but then bounced to the downside and printed a fresh daily low 0.7793. Afterwards climbed back above 0.7800 and stabilized around 0.7810, where currently trades, unchanged for the day.
The kiwi is having so far the best week against the US dollar since early November after rising 200 pips from Monday’s lows. Despite the strong recovery, NZD/USD still faces a strong resistance around 0.7850.