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2 Mar 2015
NZD/USD trims losses
FXStreet (Córdoba) - ">NZD/USD started the week moving to the downside and dropped 0.7510, reaching the lowest level since Wednesday. During the European session recovered ground and rose trimming losses.
Recently climbed to 0.7539 and currently trades at 0.7534, down 0.38% for the day so far. The kiwi is falling against the US dollar after posting on Friday, the highest daily close in a month.
NZD/USD levels to watch
The upside remains limited by the 0.7550 area; price has been unable to consolidate above keeping the NZD/USD pair moving sideways with a slightly bullish bias. To the upside, resistance might lie at 0.7575, 0.7610 and 0.7680. On the opposite direction support could be located at 0.7510, 0.7480 and 0.7440.
Recently climbed to 0.7539 and currently trades at 0.7534, down 0.38% for the day so far. The kiwi is falling against the US dollar after posting on Friday, the highest daily close in a month.
NZD/USD levels to watch
The upside remains limited by the 0.7550 area; price has been unable to consolidate above keeping the NZD/USD pair moving sideways with a slightly bullish bias. To the upside, resistance might lie at 0.7575, 0.7610 and 0.7680. On the opposite direction support could be located at 0.7510, 0.7480 and 0.7440.