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10 Apr 2015
NZD/USD finds support at 0.7510
FXStreet (Córdoba) - NZD/USD trimmed losses after Wall Street opening bell favored by a retreat of the US dollar across the board.
NZD/USD rebounds
The pair approached to 0.7600 during the Asian session but then reversed and turned to the downside. It bottomed at 0.7515, a 2-day low, and rebounded. Recently reached 0.7556 and it was trading at 0.7535/40, down 0.35% for the day.
The kiwi is consolidating modest weekly losses against the US dollar as it remains unable to hold above 0.7600 and continues to move with a sideways bias in the short term. During the week the pair peaked on Monday at 0.7624 and bottomed on Wednesday at 0.7481.
NZD/USD rebounds
The pair approached to 0.7600 during the Asian session but then reversed and turned to the downside. It bottomed at 0.7515, a 2-day low, and rebounded. Recently reached 0.7556 and it was trading at 0.7535/40, down 0.35% for the day.
The kiwi is consolidating modest weekly losses against the US dollar as it remains unable to hold above 0.7600 and continues to move with a sideways bias in the short term. During the week the pair peaked on Monday at 0.7624 and bottomed on Wednesday at 0.7481.