5 Jan 2015
NZD/USD recovers from 1-month low
FXStreet (Córdoba) - The kiwi managed to recover ground during the American session and regained the 0.77 mark versus the greenback after sliding to a 4-week low of 0.7618 earlier on the day.
NZD/USD opened the week on the back foot and touched a low of 0.7618 before bouncing. The pair has been slowly inching up and even turned intraday positive. At time of writing, NZD/USD is trading at daily highs at the 0.7710 area, up 0.27% from Friday’s close.
NZD/USD supports and resistances
In terms of short-term levels, next resistances could be found at 0.7745 (20-day SMA) and 0.7787 (Jan 2 high). On the flip side, supports are seen at 0.7618 (daily low) and 0.7600 (psychological level).
NZD/USD opened the week on the back foot and touched a low of 0.7618 before bouncing. The pair has been slowly inching up and even turned intraday positive. At time of writing, NZD/USD is trading at daily highs at the 0.7710 area, up 0.27% from Friday’s close.
NZD/USD supports and resistances
In terms of short-term levels, next resistances could be found at 0.7745 (20-day SMA) and 0.7787 (Jan 2 high). On the flip side, supports are seen at 0.7618 (daily low) and 0.7600 (psychological level).