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17 Apr 2014
NZD/USD falls below 0.8600
FXStreet (Córdoba) - The NZD/USD is falling on Thursday and recently reached a fresh daily low at 0.8577. The Kiwi is among the worst performers so far and remains under pressure across the board.
Yesterday the NZD/USD managed to finished far from the lows and recovered some weekly losses but the upside was short lived and after the Asian session resumed the downside.
NZD/USD testing weekly lows
Recent slide found support at the 0.8575/80 area, that also capped the downside yesterday. Spot is currently trading at 0.8589, down -0.38% on the day so far.
Below 0.8575 the NZD/USD would be trading at the lowest level since April 4. Next support could be located at 0.8545 (April 2 low) and 0.8510/15 (April 3 low). On the upside, immediate resistance lies at 0.8610 (Asian session low) and above here at 0.8650 (daily high).
Yesterday the NZD/USD managed to finished far from the lows and recovered some weekly losses but the upside was short lived and after the Asian session resumed the downside.
NZD/USD testing weekly lows
Recent slide found support at the 0.8575/80 area, that also capped the downside yesterday. Spot is currently trading at 0.8589, down -0.38% on the day so far.
Below 0.8575 the NZD/USD would be trading at the lowest level since April 4. Next support could be located at 0.8545 (April 2 low) and 0.8510/15 (April 3 low). On the upside, immediate resistance lies at 0.8610 (Asian session low) and above here at 0.8650 (daily high).