25 May 2015
NZD/USD steady, above last week lows
FXStreet (Córdoba) - NZD/USD is moving sideways on Monday, after finding support slightly above last week lows that lie at 0.7280. During the Asian session the pair bottomed at 0.7291 and rose back above 0.7300.
The upside remains limited below 0.7315 and currently it trades at 0.7310, marginally above Friday’s closing price, but almost 150 pips the level it had a week ago.
With markets close in the US for Memorial Day, price action is likely to remain limited on Monday, at least until Tuesday’s Asian session when trade data from New Zealand will be released.
NZD/USD technical levels
To the upside resistance levels might lie at 0.7315 (daily high), 0.7335 (June 19 low) and 0.7370. On the opposite direction, support could be located at 0.7280 (May 20 low), 0.7255 and 0.7230.
The upside remains limited below 0.7315 and currently it trades at 0.7310, marginally above Friday’s closing price, but almost 150 pips the level it had a week ago.
With markets close in the US for Memorial Day, price action is likely to remain limited on Monday, at least until Tuesday’s Asian session when trade data from New Zealand will be released.
NZD/USD technical levels
To the upside resistance levels might lie at 0.7315 (daily high), 0.7335 (June 19 low) and 0.7370. On the opposite direction, support could be located at 0.7280 (May 20 low), 0.7255 and 0.7230.