NZD/USD recovers modestly form 6-month lows

FXStreet (Córdoba) - The NZD/USD dropped during the Asian session to 0.8285 hitting the lowest price since February 26 but then rebounded trimming losses on European hours.

The recovery found resistance at 0.8330 (daily high). Since the beginning of the American session the NZD/USD has been moving inside a trading range with resistance at the highs and support at 0.8310.

The kiwi is trading slightly higher, recovering after posting yesterday the lowest close since February 21; but on Tuesday managed to end above 0.8300.