1 May 2014
NZD/USD holds above 0.8600
FXStreet (Córdoba) - The NZD/USD printed a fresh high during the European session at 0.8634, the strongest level in a week and just two pips above yesterday’s highs. During the Asian session and after Wall Street opening the pair pulled back but managed to hold above 0.8600.
The Kiwi is among the best performers across the board for the second day in a row across the board.
NZD/USD technical outlook
On a low volatility environment, the NZD/USD is moving in ranges between 0.8600 and 0.8630, holding an upside bias for the week but steady since for the day, consolidating weekly gains. Despite recent economic data from the US, the pair remained in ranges.
The Kiwi is among the best performers across the board for the second day in a row across the board.
NZD/USD technical outlook
On a low volatility environment, the NZD/USD is moving in ranges between 0.8600 and 0.8630, holding an upside bias for the week but steady since for the day, consolidating weekly gains. Despite recent economic data from the US, the pair remained in ranges.