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22 Apr 2015
NZD/USD fails to hold above 0.7700 and erases gains
FXStreet (Córdoba) - The NZD/USD pair rose during the European session to test last week highs located around 0.7740 but failed to hold above 0.7700 and retreated. After the beginning of trading in New York accelerated the decline and currently is testing daily lows, trading at 0.7655/60.
The US dollar strengthened during the last hours while the kiwi weakened considerably across the board and is among the worst performers.
NZD/USD technical levels
To the upside, resistance levels could be located at 0.7695, 0.7740 (Apr 17, 22 highs) and 0.7770. On the opposite direction support could be seen at 0.7655/60 (daily low), 0.7630/35 (Apr 21 low) and 0.7580.
The US dollar strengthened during the last hours while the kiwi weakened considerably across the board and is among the worst performers.
NZD/USD technical levels
To the upside, resistance levels could be located at 0.7695, 0.7740 (Apr 17, 22 highs) and 0.7770. On the opposite direction support could be seen at 0.7655/60 (daily low), 0.7630/35 (Apr 21 low) and 0.7580.