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27 Mar 2015
NZD/USD near fresh 1-week lows around 0.7565
FXStreet (Mumbai) - NZD/USD fell further in to red in the mid-European session, and keeps losses below 0.76 handle as the kiwi was relentlessly sold-off as the recent upbeat macro delivered supported the greenback before the final reading of Q4 GDP.
NZD/USD rises from 0.7543
Currently, the NZD/USD pair trades at 0.7563, down -0.49`%, having previously posted fresh weekly lows at 0.7543 levels. NZD/USD remained heavy this session correlating the downtrend in its OZ counterpart after falling commodity prices keeps the kiwi pressured.
Moreover, a stronger US dollar versus its major peers on yesterday’s impressive US macro data continues to drag NZD/USD lower. Meanwhile, traders eye the crucial US GDP numbers, in absence of any NZD data in the day ahead for further dollar moves.
NZD/USD Levels to consider
To the upside, the next resistance is located at 0.7600 levels and above which it could extend gains to 0.7693 (March 25 High) levels. To the downside immediate support might be located at 0.7540 levels below that at 0.7500 levels.
NZD/USD rises from 0.7543
Currently, the NZD/USD pair trades at 0.7563, down -0.49`%, having previously posted fresh weekly lows at 0.7543 levels. NZD/USD remained heavy this session correlating the downtrend in its OZ counterpart after falling commodity prices keeps the kiwi pressured.
Moreover, a stronger US dollar versus its major peers on yesterday’s impressive US macro data continues to drag NZD/USD lower. Meanwhile, traders eye the crucial US GDP numbers, in absence of any NZD data in the day ahead for further dollar moves.
NZD/USD Levels to consider
To the upside, the next resistance is located at 0.7600 levels and above which it could extend gains to 0.7693 (March 25 High) levels. To the downside immediate support might be located at 0.7540 levels below that at 0.7500 levels.