26 Mar 2015
NZD/USD back below 0.7600
FXStreet (Córdoba) - The NZD/USD pair reversed sharply and dropped more than a hundred pips from the highs, erasing all gains, weakened by a stronger US dollar in the market. Greenback rallied as US stocks turned positive.
The kiwi bottomed at 0.7553, reaching the lowest level since Monday. So far the decline found support slightly above weekly lows that lie at 0.7545.
NZD/USD technical level
To the upside, the area around 0.7600 has now become a resistance followed by 0.7660 (daily high) and 0.7695 (Mar 24 high). To the downside, support might lie at 0.7540 (Mar 19 high), 0.7500 and 0.7460.
The kiwi bottomed at 0.7553, reaching the lowest level since Monday. So far the decline found support slightly above weekly lows that lie at 0.7545.
NZD/USD technical level
To the upside, the area around 0.7600 has now become a resistance followed by 0.7660 (daily high) and 0.7695 (Mar 24 high). To the downside, support might lie at 0.7540 (Mar 19 high), 0.7500 and 0.7460.