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27 Nov 2014
NZD/USD erases gains, back to 0.7860
FXStreet (Córdoba) - NZD/USD fell below 0.7900 during the European session and recently dropped further, to test daily lows located around 0.7860.
Earlier reached at 0.7925 the highest price in almost a week but then lost momentum and retreated. On European hours found support at 0.7870/72 but recently, as Greenback gained momentum across the board, broke below and fell to 0.7862.
NZD/USD levels to watch
Price remains near daily lows; immediate support might lie at 0.7860 and below here at 0.7840 (Nov 13, 19 low) and 0.7810. To the upside, 0.7890 has become again a resistance level, followed by 0.7920/25 (daily high) and 0.7945 (Nov 21 high).
Earlier reached at 0.7925 the highest price in almost a week but then lost momentum and retreated. On European hours found support at 0.7870/72 but recently, as Greenback gained momentum across the board, broke below and fell to 0.7862.
NZD/USD levels to watch
Price remains near daily lows; immediate support might lie at 0.7860 and below here at 0.7840 (Nov 13, 19 low) and 0.7810. To the upside, 0.7890 has become again a resistance level, followed by 0.7920/25 (daily high) and 0.7945 (Nov 21 high).