14 Jul 2014
NZD/USD falls below 0.8800
FXStreet (Córdoba) - The NZD/USD printed a fresh daily low a 0.8796 and continues with bearish momentum as the US dollar strengthens across the board. The Kiwi is among the worst performers on Monday.
During the Asian and the European session the NZD/USD moved in a range between 0.8820 and 0.8805 but then broke below 0.8805 and fell to test 0.8800. Currently trades at 0.8796, at the lowest level since last Thursday.
Price is moving away from near record highs that lie above 0.8840 and is making a bearish correction. To the downside immediate support might be located at 0.8785/90 (June 27, July 1, high) and then 0.8770.
During the Asian and the European session the NZD/USD moved in a range between 0.8820 and 0.8805 but then broke below 0.8805 and fell to test 0.8800. Currently trades at 0.8796, at the lowest level since last Thursday.
Price is moving away from near record highs that lie above 0.8840 and is making a bearish correction. To the downside immediate support might be located at 0.8785/90 (June 27, July 1, high) and then 0.8770.