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3 Apr 2015
NZD/USD wavers around 0.75
FXStreet (Mumbai) - NZD/USD extends its recovery mode in a quiet Asian session, struggling to sustain above 0.7 threshold as USD bulls remains supported ahead of the crucial non-farm payrolls numbers from the US later in the day.
NZD/USD supported above 20-DMA
Currently, the NZD/USD pair trades at 0.7504, down -0.09%, in a slim range consolidating previous gains. NZD/USD remains mildly pressured as traders now focus on the US NFP data for further hints on the timing Fed interest rate hike which be USD supportive.
The US dollar index which measures the relative strength of the greenback against a basket of six major currencies trades flat at 97.82. Moreover, lower commodity prices also restrict the upside in the Kiwi.
NZD/USD Levels to consider
To the upside, the next resistance is located at 0.7518 (April 2 High) levels and above which it could extend gains to 0.7545 (March 18 High) levels. To the downside immediate support might be located at 0.7492 (20-DMA) levels below that at 0.7473 (50-DMA) levels.
NZD/USD supported above 20-DMA
Currently, the NZD/USD pair trades at 0.7504, down -0.09%, in a slim range consolidating previous gains. NZD/USD remains mildly pressured as traders now focus on the US NFP data for further hints on the timing Fed interest rate hike which be USD supportive.
The US dollar index which measures the relative strength of the greenback against a basket of six major currencies trades flat at 97.82. Moreover, lower commodity prices also restrict the upside in the Kiwi.
NZD/USD Levels to consider
To the upside, the next resistance is located at 0.7518 (April 2 High) levels and above which it could extend gains to 0.7545 (March 18 High) levels. To the downside immediate support might be located at 0.7492 (20-DMA) levels below that at 0.7473 (50-DMA) levels.