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10 Nov 2014
NZD/USD regains 0.7800
FXStreet (Córdoba) - NZD/USD advanced and managed to regain the 0.78 mark Monday, as the greenback weakened across the board following Friday’s employment report.
NZD/USD was rejected from a 2-year low of 0.7660 on Friday and profit taking has helped to trim losses over the last sessions. The Kiwi reached a 5-day high of 0.7822 and it is currently trading at 0.7812, recording a 0.82% gain on the day.
NZD/USD technical levels
As for technical levels, NZD/USD could find immediate resistances at 0.7822 (daily high), 0.7850 (21-day SMA) and 0.7879 (Oct 31 high). On the other hand, supports are seen at 0.7759 (daily low), 0.7742 (100-hour SMA) and 0.7684 (Nov 5 low) ahead of 0.7660 (2014 low Nov 7).
NZD/USD was rejected from a 2-year low of 0.7660 on Friday and profit taking has helped to trim losses over the last sessions. The Kiwi reached a 5-day high of 0.7822 and it is currently trading at 0.7812, recording a 0.82% gain on the day.
NZD/USD technical levels
As for technical levels, NZD/USD could find immediate resistances at 0.7822 (daily high), 0.7850 (21-day SMA) and 0.7879 (Oct 31 high). On the other hand, supports are seen at 0.7759 (daily low), 0.7742 (100-hour SMA) and 0.7684 (Nov 5 low) ahead of 0.7660 (2014 low Nov 7).