6 Sep 2013
EUR/NZD posts fresh 2-1/2 week lows sub-1.66
FXstreet.com (Barcelona) - The EUR/NZD foreign exchange cross rate is last trading at fresh session and 2 and a half week lows 1.6599 following yesterday's Euro sell-off after ECB press conference.
EUR/NZD trying to build a base
The EUR/NZD cross is currently sitting at a double low around the 1.66 handle same lows of early NY right after the post-ECB sell-off, down almost -3% for the week so far on a combination for Euro weakness and recent Kiwi strength in its second worst week of 2013 after massive rally of 2 weeks ago.
EUR/NZD key technical levels
Immediate resistance to the upside for EUR/NZD shows at Wednesday's lows 1.6624, followed by recent session highs 1.6650, and August 13 highs at 1.6695. To the downside, closest support lies at recent session lows 1.6587, followed by July 31 lows/August 16 highs at 1.6580/77, and August 12 lows at 1.6514.
EUR/NZD trying to build a base
The EUR/NZD cross is currently sitting at a double low around the 1.66 handle same lows of early NY right after the post-ECB sell-off, down almost -3% for the week so far on a combination for Euro weakness and recent Kiwi strength in its second worst week of 2013 after massive rally of 2 weeks ago.
EUR/NZD key technical levels
Immediate resistance to the upside for EUR/NZD shows at Wednesday's lows 1.6624, followed by recent session highs 1.6650, and August 13 highs at 1.6695. To the downside, closest support lies at recent session lows 1.6587, followed by July 31 lows/August 16 highs at 1.6580/77, and August 12 lows at 1.6514.