12 Jan 2015
NZD/USD finds support at 0.7735
FXStreet (Córdoba) - The NZD/USD pair reversed sharply at 0.7845 (4-week high) and dropped more than a hundred pips. It bottomed at 0.7735 and during the American session managed to trim losses.
The recovery from the lows was capped by 0.7775/80 and currently trades at 0.7769, down 0.88% for the day so far, having the worst performance since January 2.
NZD/USD technical levels
From a technical perspective, immediate support might lie at 0.7710/15 (Dec 22, Jan 7 low), 0.7700 (psychological level) and 0.7675 (Jan 6 low). To the upside, resistance now could be located at 0.7780, 0.7820 and 0.7865 (daily high).
The recovery from the lows was capped by 0.7775/80 and currently trades at 0.7769, down 0.88% for the day so far, having the worst performance since January 2.
NZD/USD technical levels
From a technical perspective, immediate support might lie at 0.7710/15 (Dec 22, Jan 7 low), 0.7700 (psychological level) and 0.7675 (Jan 6 low). To the upside, resistance now could be located at 0.7780, 0.7820 and 0.7865 (daily high).