Our best spreads and conditions
About platform
Trading news
Back
15 Jan 2015
NZD/USD snaps three-day losing streak
FXStreet (Mumbai) - The New Zealand dollar gained strength against its US counterpart in line with the strength seen in other commodity currencies.
The NZD/USD pair traded 0.27% higher at 0.7739 levels, compared to the previous session’s close at 0.7715 levels. The Kiwi had been hit hard by the sharp fall in commodity prices in the last few days. However, the Antipodeans staged a recovery today, led by the Aussie which gained on a stellar jobs data. However, gains in the New Zealand dollar were capped by the House Price index data for December, which came-in at -1.0% month-on-month, versus November’s 3.3%.
NZD/USD Technical Levels
The immediate resistance is seen the range of 0.7760-0.772 (5-DMA and 50-DMA), above which gains could be extended to 0.78 levels. Meanwhile, support is seen at 0.7735 and 0.7704 levels.
The NZD/USD pair traded 0.27% higher at 0.7739 levels, compared to the previous session’s close at 0.7715 levels. The Kiwi had been hit hard by the sharp fall in commodity prices in the last few days. However, the Antipodeans staged a recovery today, led by the Aussie which gained on a stellar jobs data. However, gains in the New Zealand dollar were capped by the House Price index data for December, which came-in at -1.0% month-on-month, versus November’s 3.3%.
NZD/USD Technical Levels
The immediate resistance is seen the range of 0.7760-0.772 (5-DMA and 50-DMA), above which gains could be extended to 0.78 levels. Meanwhile, support is seen at 0.7735 and 0.7704 levels.