11 Jun 2013
NZD/USD flat for the week shy of 0.79
FXstreet.com (Barcelona) - NZD/USD has recovered from initial gap lower in early Asia-Pacific trade Monday morning, trading last at 0.7888, bouncing from mentioned fresh weekly and 10-month lows at 0.7809. The pair is flat for the week, off recent session highs at 0.7908.
NZD/USD has seen session highs minutes ago on the back of broad USD weakness breaking below key 81.5 level in the DXY spot USD index, following BoJ monetary policy statement, showing no major changes. The 81.5 mark in the USD index is a big level and as such has worked as momentary support taking the index back above the 81.55 level, thus NZD/USD below 0.79.
Immediate resistance to the upside for NZD/USD shows at recent session highs 0.7908, followed by yesterday's weekly highs at 0.7925, and June 04 lows at 0.7965. To the downside, closest support lies at recent session/Friday's lows 0.7858, followed by yesterday's fresh 10-month lows at 0.7809, and Jan 09 2012 lows at 0.7771.
NZD/USD has seen session highs minutes ago on the back of broad USD weakness breaking below key 81.5 level in the DXY spot USD index, following BoJ monetary policy statement, showing no major changes. The 81.5 mark in the USD index is a big level and as such has worked as momentary support taking the index back above the 81.55 level, thus NZD/USD below 0.79.
Immediate resistance to the upside for NZD/USD shows at recent session highs 0.7908, followed by yesterday's weekly highs at 0.7925, and June 04 lows at 0.7965. To the downside, closest support lies at recent session/Friday's lows 0.7858, followed by yesterday's fresh 10-month lows at 0.7809, and Jan 09 2012 lows at 0.7771.