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19 May 2014
NZD/USD falls to test daily lows
FXStreet (Córdoba) - The NZD/USD lost momentum during the American session and dropped to test daily lows below 0.8630. Price bottomed at 0.8628 and at the moment trades at 0.8630, less than 5 pips below the price it opened the week.
On a quiet day, the NZD/USD peaked on Asian hours at 0.8654, on the back of inflation data from New Zealand but then lost momentum and pulled back.
NZD/USD levels to watch
To the downside immediate support lies at 0.8620/25 (May 14, 15 and 16 lows) and below here at 0.8600. To the upside resistance levels might be located at 0.8655 followed by 0.8670 and then 0.8695/0.8700.
On a quiet day, the NZD/USD peaked on Asian hours at 0.8654, on the back of inflation data from New Zealand but then lost momentum and pulled back.
NZD/USD levels to watch
To the downside immediate support lies at 0.8620/25 (May 14, 15 and 16 lows) and below here at 0.8600. To the upside resistance levels might be located at 0.8655 followed by 0.8670 and then 0.8695/0.8700.