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17 Mar 2014
NZD/USD breaks above 0.8550, approaches 0.8600
FXStreet (Córdoba) - The NZD/USD rose on Monday amid risk appetite and a weak US dollar. Price broke above 0.8550 during the European session and jumped to 0.8582 (March 17 high) and the pulled back slightly ending the day around 0.8560/65, with a gain of 30 pips.
In the last hours of the American session the NZD/USD remained steady, moving in ranges between 0.8575 and 0.8555.
Technical levels for the NZD/USD
After finding support last Friday at 0.8520 the pair resumed the upside at the beginning of the week, in line with the short and medium term bias. To the upside immediate resistance lies at 0.8580/85 and above here around 0.8600 that capped the rally last week. Support levels now lie at at 0.8550 and below here at 0.8520 and 0.8485.
In the last hours of the American session the NZD/USD remained steady, moving in ranges between 0.8575 and 0.8555.
Technical levels for the NZD/USD
After finding support last Friday at 0.8520 the pair resumed the upside at the beginning of the week, in line with the short and medium term bias. To the upside immediate resistance lies at 0.8580/85 and above here around 0.8600 that capped the rally last week. Support levels now lie at at 0.8550 and below here at 0.8520 and 0.8485.