13 May 2014
NZD/USD retreats from 3-day highs
FXStreet (Córdoba) - The NZD/USD pulled back since the beginning of the American session and trimmed gains. Earlier rose to 0.8668 reaching the highest price since last Thursday but lost momentum and retreated as the US dollar strengthened across the board.
Currently the pair is trading around 0.8635, up 0.19% for the day so far and is testing an intraday support level, where Asian session highs lies. Below the next support might be located at 0.8615 and then the psychological 0.8600.
To the upside immediate resistance lies at 0.8650 and then the area around daily highs at 0.8670 followed by 0.8705.
Currently the pair is trading around 0.8635, up 0.19% for the day so far and is testing an intraday support level, where Asian session highs lies. Below the next support might be located at 0.8615 and then the psychological 0.8600.
To the upside immediate resistance lies at 0.8650 and then the area around daily highs at 0.8670 followed by 0.8705.