17 Mar 2015
NZD/USD again rejected from above 0.7400
FXStreet (Córdoba) - The NZD/USD pair failed again, for the third trading day in a row to hold above 0.7400.
After reaching a daily high at 0.7405, the pair bounced to the downside and currently is testing daily lows, trading at 0.7360. During the Asian session NZD/USD bottomed at 0.7358.
The kiwi was moving with an upside bias since the beginning of the week against the US dollar but yesterday second half of the American session lost strength. At the moment it is moving sideways, ahead of tomorrow's FOMC statement.
The New Zealand dollar is the worst performer among commodities currencies so far on Tuesday. The AUD/NZD erased losses and is approaching 1.0400, after bottoming at 1.0325.
After reaching a daily high at 0.7405, the pair bounced to the downside and currently is testing daily lows, trading at 0.7360. During the Asian session NZD/USD bottomed at 0.7358.
The kiwi was moving with an upside bias since the beginning of the week against the US dollar but yesterday second half of the American session lost strength. At the moment it is moving sideways, ahead of tomorrow's FOMC statement.
The New Zealand dollar is the worst performer among commodities currencies so far on Tuesday. The AUD/NZD erased losses and is approaching 1.0400, after bottoming at 1.0325.