12 Jan 2015
NZD/USD hits fresh daily highs, eyes 0.79 handle
FXStreet (Mumbai) - The New Zealand dollar climbed higher against the US counterpart in the Asian morning, as the USD bulls took a backseat on weak wage pressure data released in the US last Friday.
Currently, the NZD/USD traded at 0.7860 levels, up 0.27% on the day, hitting fresh intraday high at 0.7865 levels, few minutes ago. The NZD/USD pair was off to a solid weekly start today as the weak US employment data disappointed market expectations and continued to weigh on the US dollar. Moreover, the NZD/USD pair also advanced mirroring the gains in its Oz counterpart, AUD/USD which trades at 0.8244 levels, up 0.51% on the day.
NZD/USD Technical Levels
To the upside, the next resistance is located at 0.7892 (Dec 2 High) and above which it could extend gains to 0.7913 (Dec 1 High) levels. To the downside, immediate support might be located at 0.7834 (100-DMA) levels and below that at 0.7805 (Nov 20 Low) levels.
Currently, the NZD/USD traded at 0.7860 levels, up 0.27% on the day, hitting fresh intraday high at 0.7865 levels, few minutes ago. The NZD/USD pair was off to a solid weekly start today as the weak US employment data disappointed market expectations and continued to weigh on the US dollar. Moreover, the NZD/USD pair also advanced mirroring the gains in its Oz counterpart, AUD/USD which trades at 0.8244 levels, up 0.51% on the day.
NZD/USD Technical Levels
To the upside, the next resistance is located at 0.7892 (Dec 2 High) and above which it could extend gains to 0.7913 (Dec 1 High) levels. To the downside, immediate support might be located at 0.7834 (100-DMA) levels and below that at 0.7805 (Nov 20 Low) levels.