19 Jan 2015
NZD/USD jumps to fresh daily highs at 0.7808
FXStreet (Mumbai) - The New Zealand dollar continued its range bound movement from the Asian session against the greenback and edged slightly higher, as China equities sell-off fails to move the commodity pair.
Currently, the NZD/USD traded at 0.7800 levels, up 0.06% on the day, having posted fresh daily highs at 0.7808 levels few minutes ago. The NZD/USD pair may remain elevated in a no-data day for the pair as US markets are closed on a national holiday. Moreover, the Kiwi pair ignored completely the slide in Chinese equities and a bearish Chinese property market report.
Meanwhile, traders now turn their attention towards New Zealand’s Business Confidence numbers and Fonterra’s price index data due out tomorrow for further momentum on the pair.
NZD/USD Technical Levels
To the upside, the next resistance is located at 0.7832 (Jan 8 High) and above which it could extend gains to 0.7863 (Jan 16 High) levels. To the downside, immediate support might be located at 0.7776 (Today’s Low) levels and below that at 0.7768 (Dec 30 Low) levels.
Currently, the NZD/USD traded at 0.7800 levels, up 0.06% on the day, having posted fresh daily highs at 0.7808 levels few minutes ago. The NZD/USD pair may remain elevated in a no-data day for the pair as US markets are closed on a national holiday. Moreover, the Kiwi pair ignored completely the slide in Chinese equities and a bearish Chinese property market report.
Meanwhile, traders now turn their attention towards New Zealand’s Business Confidence numbers and Fonterra’s price index data due out tomorrow for further momentum on the pair.
NZD/USD Technical Levels
To the upside, the next resistance is located at 0.7832 (Jan 8 High) and above which it could extend gains to 0.7863 (Jan 16 High) levels. To the downside, immediate support might be located at 0.7776 (Today’s Low) levels and below that at 0.7768 (Dec 30 Low) levels.