20 Jan 2015
NZD/USD unable to recover
FXStreet (Córdoba) - The NZD/USD pair failed to recover ground and is back near 0.7700. Earlier the kiwi bottomed at 0.7707 and then rebounded but it found resistance below 0.7750.
Currently is trading at 0.7706, fresh daily low, as traders await new information about dairy prices.
NZD/USD is falling for the trading third day in row, approaching last week lows that lie at 0.7688. From January 15 highs it has lost almost 200 pips making a strong reversal.
The Kiwi is among the weakest currencies on Tuesday so far. Against the aussie is trading at the lowest in almost a week. AUD/NZD rose a hundred pips and is testing 1.0630 - 1.0640.
Currently is trading at 0.7706, fresh daily low, as traders await new information about dairy prices.
NZD/USD is falling for the trading third day in row, approaching last week lows that lie at 0.7688. From January 15 highs it has lost almost 200 pips making a strong reversal.
The Kiwi is among the weakest currencies on Tuesday so far. Against the aussie is trading at the lowest in almost a week. AUD/NZD rose a hundred pips and is testing 1.0630 - 1.0640.