19 Dec 2014
NZD/USD trades higher, below 0.77 handle
FXStreet (Mumbai) - The NZD/USD pair gave back heavy gains seen in the early European morning and trades mildly higher, heading towards a lack lustre US session.
The NZD/USD pair now trades modestly higher by 0.11% at 0.7770, compared to previous day’s close of 0.7763. The Kiwi pair is likely to trade choppy amid lack of macro data in the US session and as markets turn heads toward upcoming weekend. The dollar index, which measures the greenback against six major currencies strengthened to trade at 89.63 levels, up 0.20% on the day, which is likely to weigh on NZD/USD.
NZD/USD Technical Levels
The pair has an immediate resistance at 0.7804 (Dec 17 High) levels, above which gains could be extended to 0.7850 (Dec 12 High) levels. On the flip side, support is seen at 0.7695 (Dec 5 Low) levels, below which it could extend losses to 1.2245 (Dec 8 Low) levels.
The NZD/USD pair now trades modestly higher by 0.11% at 0.7770, compared to previous day’s close of 0.7763. The Kiwi pair is likely to trade choppy amid lack of macro data in the US session and as markets turn heads toward upcoming weekend. The dollar index, which measures the greenback against six major currencies strengthened to trade at 89.63 levels, up 0.20% on the day, which is likely to weigh on NZD/USD.
NZD/USD Technical Levels
The pair has an immediate resistance at 0.7804 (Dec 17 High) levels, above which gains could be extended to 0.7850 (Dec 12 High) levels. On the flip side, support is seen at 0.7695 (Dec 5 Low) levels, below which it could extend losses to 1.2245 (Dec 8 Low) levels.