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3 Sep 2015
NZD/USD hits 3-day highs above 0.6400
FXStreet (Córdoba) - NZD/USD gained momentum after the beginning of trading in Wall Street and following Draghi’s press conference. The pair jumped from 0.6340 and rose quickly to 0.6415 hitting the strongest level since Monday.
After moving during two and a half days in a range, slightly above 0.6300 and limited below 0.6400, it is breaking to the upside boosted by a recovery in commodities. The kiwi is among the top performers in the market on Thursday and it reached two week highs versus the Australian dollar.
NZD/USD technical levels
Currently the pair is hovering slightly below 0.7400, if it manages to consolidate above it could rise further. Potential resistance levels lie at 0.6430 (August 31 high), 0.6480 (August 30 high) and 0.6500. On the opposite direction, support might now be seen at 0.6375 (Sept 2 low), 0.6330 (daily low) and 0.6300.
After moving during two and a half days in a range, slightly above 0.6300 and limited below 0.6400, it is breaking to the upside boosted by a recovery in commodities. The kiwi is among the top performers in the market on Thursday and it reached two week highs versus the Australian dollar.
NZD/USD technical levels
Currently the pair is hovering slightly below 0.7400, if it manages to consolidate above it could rise further. Potential resistance levels lie at 0.6430 (August 31 high), 0.6480 (August 30 high) and 0.6500. On the opposite direction, support might now be seen at 0.6375 (Sept 2 low), 0.6330 (daily low) and 0.6300.