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15 Jan 2015
NZD/USD steadies above 0.77, looking for fresh directions
FXStreet (Mumbai) - The New Zealand dollar halted its long run of decline against the US counterpart in the Asian morning, and trades flat consolidating above 0.77 handle.
Currently, the NZD/USD traded unchanged at 0.7723 levels, having previously posted intraday low at 0.7706 levels. The NZD/USD pair took a breather from its downside momentum and remained unmoved by an upbeat Australian jobs data and a lacklustre NZ House Price Index data released a while ago.
The NZD/USD pair seems to be looking for fresh cues from a slew of US economic releases due later today for further directions on the commodity currency.
NZD/USD Technical Levels
To the upside, the next resistance is located at 0.7742 (Today’s High) and above which it could extend gains to 0.7781 (Jan 14 High) levels. To the downside, immediate support might be located at 0.7679 (Jan 6 Low) levels and below that at 0.7653 (Jan 4 Low) levels.
Currently, the NZD/USD traded unchanged at 0.7723 levels, having previously posted intraday low at 0.7706 levels. The NZD/USD pair took a breather from its downside momentum and remained unmoved by an upbeat Australian jobs data and a lacklustre NZ House Price Index data released a while ago.
The NZD/USD pair seems to be looking for fresh cues from a slew of US economic releases due later today for further directions on the commodity currency.
NZD/USD Technical Levels
To the upside, the next resistance is located at 0.7742 (Today’s High) and above which it could extend gains to 0.7781 (Jan 14 High) levels. To the downside, immediate support might be located at 0.7679 (Jan 6 Low) levels and below that at 0.7653 (Jan 4 Low) levels.