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NZD/USD drops to 0.8135

FXStreet (Córdoba) - The kiwi is losing ground across the board on Wednesday ahead of the FOMC. NZD/USD dropped further during the first hours of the American session and bottomed at 0.8135, reaching a 2-day low.

Then bounced toward 0.8150, where it was trading 45 pips below yesterday’s closing price. To the upside immediate resistance could be located at 0.8170 (Asian session low) followed by 0.8200.

NZD/CAD at 8-month lows

The kiwi is also losing ground against the loonie; NZD/CAD broke below 0.9000 and recently bottomed at 0.8910, the lowest price since January 10.

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