9 Apr 2015
NZD/USD turns positive circa 0.7560
FXStreet (Mumbai) - NZD/USD inches moderately higher in the mid-Asian session, snapping overnight losses, as the Kiwi received impetus from higher Aussie while a broad USD strength caps the upside.
NZD/USD wavers near 100-DMA
Currently, the NZD/USD pair trades modestly flat at 0.7558, hovering close to fresh session highs posted at 0.7561. NZD/USD swings between gains and losses as the Kiwi tries to recover previous losses against the greenback after NZ PM John Key talked down the domestic currency.
Also, broad based US dollar upsurge following FOMC minutes release also keep the gains restricted in NZD/USD. The US dollar index which measures the relative strength of the greenback against a basket of six major currencies rises 0.10% and trades at 98.35.
Meanwhile, in absence of NZ data for the day, the pair may take fresh cues from US jobs data due later in the day for further momentum on the pair.
NZD/USD Levels to consider
To the upside, the next resistance is located at 0.7600 levels and above which it could extend gains to 0.7623 levels. To the downside immediate support might be located at 0.7527 levels below that at 0.7500 levels.
NZD/USD wavers near 100-DMA
Currently, the NZD/USD pair trades modestly flat at 0.7558, hovering close to fresh session highs posted at 0.7561. NZD/USD swings between gains and losses as the Kiwi tries to recover previous losses against the greenback after NZ PM John Key talked down the domestic currency.
Also, broad based US dollar upsurge following FOMC minutes release also keep the gains restricted in NZD/USD. The US dollar index which measures the relative strength of the greenback against a basket of six major currencies rises 0.10% and trades at 98.35.
Meanwhile, in absence of NZ data for the day, the pair may take fresh cues from US jobs data due later in the day for further momentum on the pair.
NZD/USD Levels to consider
To the upside, the next resistance is located at 0.7600 levels and above which it could extend gains to 0.7623 levels. To the downside immediate support might be located at 0.7527 levels below that at 0.7500 levels.