8 Apr 2015
NZD/USD rejected at 0.76
FXStreet (Mumbai) - The NZD/USD pair was rejected at 0.76 levels, although the offer tone on the USD remains strong enough to ensure that the pair hovers around 0.7580 levels.
Trades above 100-DMA
The broad based sell-off in the USD pushed the NZD/USD pair well above its 50-DMA located at 0.7557 levels earlier today. The pair went on to set a session high at 0.7606, before giving up few pips to trade at 0.7584 levels.
The pair has gained more than 100 pips since yesterday. The sharp rise in the Aussie, post RBA’s decision to hold interest rates unchanged also pushed the NZD higher.
NZD/USD Technical Levels
The immediate support is located at 0.7557 (100-DMA), under which losses could be extended to 0.7525 (10-DMA). On the flip side, a break above the daily high at 0.7606, could drive the pair higher to 0.7650.
Trades above 100-DMA
The broad based sell-off in the USD pushed the NZD/USD pair well above its 50-DMA located at 0.7557 levels earlier today. The pair went on to set a session high at 0.7606, before giving up few pips to trade at 0.7584 levels.
The pair has gained more than 100 pips since yesterday. The sharp rise in the Aussie, post RBA’s decision to hold interest rates unchanged also pushed the NZD higher.
NZD/USD Technical Levels
The immediate support is located at 0.7557 (100-DMA), under which losses could be extended to 0.7525 (10-DMA). On the flip side, a break above the daily high at 0.7606, could drive the pair higher to 0.7650.