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NZD/USD falls below 0.8600

FXStreet (Córdoba) - The NZD/USD is falling on Thursday and recently reached a fresh daily low at 0.8577. The Kiwi is among the worst performers so far and remains under pressure across the board.

Yesterday the NZD/USD managed to finished far from the lows and recovered some weekly losses but the upside was short lived and after the Asian session resumed the downside.

NZD/USD testing weekly lows

Recent slide found support at the 0.8575/80 area, that also capped the downside yesterday. Spot is currently trading at 0.8589, down -0.38% on the day so far.

Below 0.8575 the NZD/USD would be trading at the lowest level since April 4. Next support could be located at 0.8545 (April 2 low) and 0.8510/15 (April 3 low). On the upside, immediate resistance lies at 0.8610 (Asian session low) and above here at 0.8650 (daily high).

United States EIA Natural Gas Storage change came in at 24B disappointing forecasts (35B) in April 11

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AUD/USD pressuring against daily lows

The Australian dollar is trading on the defensive Thursday, with the AUD/USD having lost nearly half a cent from Asian session highs.
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