NZD/USD rises back above 0.8400

FXStreet (Córdoba) - The NZD/USD is recovering ground after falling during the Asian session to 0.8371, reaching levels not seen since early March. After finding support around 0.8375 the pair rebounded and recently extended the recovery above 0.8400.

Price reached 0.8412, the highest level since Asian hours and currently trades around 0.8408, slightly lower for the day but still facing pressure.

NZD/USD technical levels

To the downside, immediate support lies at 0.8370/75 (daily lows) and below here at 0.8345/50 and 0.8315. Resistance is now seen at 0.8420/25, 0.8440 and 0.8465 (August 18 low).