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4 Jun 2014
NZD/USD holds near 0.8400
FXStreet (Córdoba) - The ">NZD/USD bottomed during the Asian session at 0.8400, reaching the lowest level in three months. Price rebounded afterwards and bounced to the upside, trimming losses.
The recovery from 0.8400 found resistance around 0.8430. Currently the pair trades at 0.8416, down 0.16% for the day so far.
NZD/USD continues to slide
The Kiwi is falling for the third day in a row against the US dollar, retreating further. A month ago it was trading above 0.8750, at 33-month highs but after being unable to hold above 0.8700, started a correction. In the last three weeks the downside move has accelerated.
The recovery from 0.8400 found resistance around 0.8430. Currently the pair trades at 0.8416, down 0.16% for the day so far.
NZD/USD continues to slide
The Kiwi is falling for the third day in a row against the US dollar, retreating further. A month ago it was trading above 0.8750, at 33-month highs but after being unable to hold above 0.8700, started a correction. In the last three weeks the downside move has accelerated.