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4 Mar 2014
NZD/USD consolidates around 0.8365
FXStreet (Córdoba) - The NZD/USDstrong> finished Monday steady hovering around 0.8365, below Friday’s closing price. The pair dropped at the beginning of the week and bottomed at 0.8340, the lowest price since last Thursday.
Since the European session the NZD/USD is moving sideways in a range with support around 0.8350 and resistance at the 0.8375 area.
NZD/USD still bullish but..
The NZD/USD continues to show an upside bias and last week reached fresh monthly highs. But on Friday, the pair was rejected from level on top of 0.8400 and ended the week below that mark losing some bullish momentum.
At the beginning of the week the NZD/USD retreated further from 0.8425 (February 28 high) but still has a bullish bias, as it holds above a short-term upside trendline that stands at 0.8310.
Since the European session the NZD/USD is moving sideways in a range with support around 0.8350 and resistance at the 0.8375 area.
NZD/USD still bullish but..
The NZD/USD continues to show an upside bias and last week reached fresh monthly highs. But on Friday, the pair was rejected from level on top of 0.8400 and ended the week below that mark losing some bullish momentum.
At the beginning of the week the NZD/USD retreated further from 0.8425 (February 28 high) but still has a bullish bias, as it holds above a short-term upside trendline that stands at 0.8310.