NZD/USD slides below 0.7800

FXStreet (Córdoba) - NZD/USD continued to decline during the American session and printed a fresh daily low at 0.7791. Currently is hovering around 0.7800, 25 pips below yesterday's closing price.

The pair is about to post the fourth consecutive monthly close around 0.7800, as it continues to consolidate after reversing above 0.8800 back in july.

Earlier in december the pair bottomed at 0.7606, hitting a 2-year low but then managed to bounced to the upside supported by the latest RBNZ statement.