15 Apr 2014
NZD/USD hovering around 0.8680
FXStreet (Córdoba) - The NZD/USD managed on Monday to recover early losses and finished unchanged, hovering around 0.8700. During the European session price fell to 0.8630 but rebounded and on American hours rose to test daily highs barely below 0.8700.
Early in Asia is trading at 0.8685, as it continues to moved within Friday’s range above 0.8630 and below 0.8700.
Outlook for the NZD/USD
The pair is moving sideways after correcting from multi-month highs. The main trend still points to the upside but the rally lost momentum last week. On Monday the pair posted the third consecutive daily close around 0.8665 and 0.8685.
Early in Asia is trading at 0.8685, as it continues to moved within Friday’s range above 0.8630 and below 0.8700.
Outlook for the NZD/USD
The pair is moving sideways after correcting from multi-month highs. The main trend still points to the upside but the rally lost momentum last week. On Monday the pair posted the third consecutive daily close around 0.8665 and 0.8685.