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14 Apr 2015
NZD/USD climbs to 0.7550
FXStreet (Córdoba) - The NZD/USD pair rose further after Wall Street opening bell amid a weak US dollar and peak at 0.7552. The rally of the pair found resistance around the 0.7550 area, where it closed last week.
From the highs it pulled back and it was trading around 0.7525, up 75 pips for the day so far. Once again NZD/USD is rebounding after being able to hold above 0.7440.
The kiwi is outperforming among commodity currencies. NZD/CAD trades above 0.9400 while AUD/NZD broke below 1.0160 and dropped to 1.0120.
NZD/USD levels to watch
To the downside, immediate support levels lie at 0.7480 and below here at 0.7435. A daily close below 0.7440 could open the doors for a decline toward 0.7400 and 0.7390 (April low). On the opposite direction resistance might be located at 0.7550/55 (daily high) and 0.7590.
From the highs it pulled back and it was trading around 0.7525, up 75 pips for the day so far. Once again NZD/USD is rebounding after being able to hold above 0.7440.
The kiwi is outperforming among commodity currencies. NZD/CAD trades above 0.9400 while AUD/NZD broke below 1.0160 and dropped to 1.0120.
NZD/USD levels to watch
To the downside, immediate support levels lie at 0.7480 and below here at 0.7435. A daily close below 0.7440 could open the doors for a decline toward 0.7400 and 0.7390 (April low). On the opposite direction resistance might be located at 0.7550/55 (daily high) and 0.7590.