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27 May 2015
NZD/USD consolidates below 0.7250
FXStreet (Córdoba) - The kiwi was unable to hold to gain again the US dollar and remains trading near 0.7200. NZD/USD bottomed at 0.7210, lowest since March, and then after Wall Street opening bell jumped to 0.7255 but quickly pulled back.
During the last hours it has remained steady hovering around 0.7220, around the level it closed yesterday.
NZD/USD outlook
The pair holds a bearsih tone in the short term, eyeing 0.7200 and below here, 2015 lows would be exposed. A break below 0.7170 would take the price to 4-year lows.
To the upside, the pair could face resistance at 0.7250 (intraday), 0.7270 (daily high) and 0.7320/25 (May 12 low).
During the last hours it has remained steady hovering around 0.7220, around the level it closed yesterday.
NZD/USD outlook
The pair holds a bearsih tone in the short term, eyeing 0.7200 and below here, 2015 lows would be exposed. A break below 0.7170 would take the price to 4-year lows.
To the upside, the pair could face resistance at 0.7250 (intraday), 0.7270 (daily high) and 0.7320/25 (May 12 low).