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29 Dec 2014
NZD/USD holds around 0.7800
FXStreet (Córdoba) - The NZD/USD pair continues to test the 0.7800 area, as it rises for the third day in a row boosted by the kiwi that is the best performer among commodity currencies.
The pair climbed to 0.7798 during the European session and then pulled back to 0.7775 and rebounded, rising again toward the 0.7800 area.
Currently trades at 0.7792, 40 pips above Friday’s closing price, with the NZD/USD facing resistance at 0.7800; above the next one could be located at 0.7835, followed by 0.7870 (Dec 11 high).
To the downside, short term support might lie at 0.7785 (intraday level), 0.7760 (Dec 26 high) and 0.7735 (Dec 24 high).
The pair climbed to 0.7798 during the European session and then pulled back to 0.7775 and rebounded, rising again toward the 0.7800 area.
Currently trades at 0.7792, 40 pips above Friday’s closing price, with the NZD/USD facing resistance at 0.7800; above the next one could be located at 0.7835, followed by 0.7870 (Dec 11 high).
To the downside, short term support might lie at 0.7785 (intraday level), 0.7760 (Dec 26 high) and 0.7735 (Dec 24 high).