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26 Feb 2015
NZD/USD rejected from above 0.7600
FXStreet (Córdoba) - NZD/USD retreated more than 80 pips from the highs and erased gains as the US dollar gained momentum across the board after economic data.
The pair climbed on European hours to 0.7613 reaching the strongest level since January 20, then the rally lost steam. It failed to hold above 0.7600 and extended the retreated during the American session. Recently dropped to 0.7531, reaching a fresh daily low and currently trades at 0.7550, around the same level it closed yesterday.
NZD/USD levels to watch
To the upside, immediate resistance might lie at 0.7575 and above here at 0.7610/15 (daily hihg) and 0.7650. On the downside support could be located at 0.7530, 0.7500 and 0.7460.
The pair climbed on European hours to 0.7613 reaching the strongest level since January 20, then the rally lost steam. It failed to hold above 0.7600 and extended the retreated during the American session. Recently dropped to 0.7531, reaching a fresh daily low and currently trades at 0.7550, around the same level it closed yesterday.
NZD/USD levels to watch
To the upside, immediate resistance might lie at 0.7575 and above here at 0.7610/15 (daily hihg) and 0.7650. On the downside support could be located at 0.7530, 0.7500 and 0.7460.