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6 Feb 2015
NZD/USD clings on to 0.74 handle ahead of US NFP
FXStreet (Mumbai) - NZD/USD shaved-off Aussie backed gains and traded flat as traders now eagerly await US labour market report due for release in the US session.
Struggles above 0.7400
Currently, the NZD/USD traded flat at 0.7405, wiping out previous gains on the back of solid gains in the Aussie. The kiwi lost ground as the US dollar strengthened versus the major currencies before the release of robust US jobs data.
The US dollar index, measuring the relative strength of the greenback versus six major currencies advanced close to fresh daily highs at 93.92 levels, recording a 0.21% gain on the day.
NZD/USD Technical Levels
To the upside, the next resistance is located at 0.7439 and above which it could extend gains to 0.7454 levels. To the downside, immediate support might be located at 0.7340 levels and below that at 0.7300 levels
Struggles above 0.7400
Currently, the NZD/USD traded flat at 0.7405, wiping out previous gains on the back of solid gains in the Aussie. The kiwi lost ground as the US dollar strengthened versus the major currencies before the release of robust US jobs data.
The US dollar index, measuring the relative strength of the greenback versus six major currencies advanced close to fresh daily highs at 93.92 levels, recording a 0.21% gain on the day.
NZD/USD Technical Levels
To the upside, the next resistance is located at 0.7439 and above which it could extend gains to 0.7454 levels. To the downside, immediate support might be located at 0.7340 levels and below that at 0.7300 levels