NZD/USD erases daily gains

FXstreet.com (Córdoba) - The NZD/USD surrendered some of its recent gains on Thursday, as another string of positive US data encouraged USD buyers.

NZD/USD dips below 0.7800

After being rejected from the 0.7850 area, NZD/USD slipped back below the 0.7800, erasing daily gains. At time of writing, NZD/USD is trading at the 0.7785 zone, where it is virtually unchanged since opening.

In terms of technical levels, immediate supports could be found at 0.7760 (daily low/100-hour SMA) and 0.7715 (Jun 26 low). On the upside, resistances could be faced at 0.7850 (daily high) and 0.7860 (Jun 26 high).