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NZD/USD finds support at 0.7780

FXStreet (Córdoba) - Despite risk aversion NZD/USD is trading around the same level it closed yesterday, hovering around 0.7815/20.

During the Asian session the pair rose to 0.7845 (daily high) but failed to hold and pulled back. The area around 0.7780 capped the decline on Asian hours and also during the European session.

NZD/USD sideways

From the lows the pair bounced to the upside and trimmed losses and is moving sideways, without a clear direction. The decline of stocks in Asia and also in Europe did not affect the kiwi so far, that usually is a sensitive currency to market sentiment.

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