20 Nov 2014
NZD/USD trades at daily highs at 0.7880
FXStreet (San Francisco) - The New Zealand dollar is flying away of 0.7850 against the US dollar as the pair jumped 30 pips to break above 0.7875 with an intra-day high of 0.7880 reached.
Fed worries on inflation supported the pair above 0.7825 overnight, but the China flash PMI came in at six-month low and put some pressure on the Kiwi that visited the 0.8705 level. However the pair managed to recover ground and, after a period of consolidation around 200 hours MA at 0.7865, the NZD/USD is now trading at highs at 0.7880.
Currently, NZD/USD is trading at 0.7876, up 0.23% on the day, having posted a daily high at 0.7883 and low at 0.7806. The FXStreet OB/OS Index is reflecting neutral hourly conditions, while the FXStreet Trend Index is slightly bullish.
NZD/USD levels
Above 0.7880, the NZD/USD will face next resistances at 0.7890, 0.7900 and 0.7920. To the downside, supports are at 0.7840, 0.7820 and 0.7800.
Fed worries on inflation supported the pair above 0.7825 overnight, but the China flash PMI came in at six-month low and put some pressure on the Kiwi that visited the 0.8705 level. However the pair managed to recover ground and, after a period of consolidation around 200 hours MA at 0.7865, the NZD/USD is now trading at highs at 0.7880.
Currently, NZD/USD is trading at 0.7876, up 0.23% on the day, having posted a daily high at 0.7883 and low at 0.7806. The FXStreet OB/OS Index is reflecting neutral hourly conditions, while the FXStreet Trend Index is slightly bullish.
NZD/USD levels
Above 0.7880, the NZD/USD will face next resistances at 0.7890, 0.7900 and 0.7920. To the downside, supports are at 0.7840, 0.7820 and 0.7800.