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NZD/USD approaches 0.7900

FXStreet (Córdoba) - After pulling back during the EUropean session, NZD/USD turned to the upside again and climbed to 0.7892, reaching a fresh daily high. Price remains near the highs ahead of WAll Street opening bell, trading close to 0.7900.

NZD/USD near important short term resistance

To the upside, the pair has an important resistance between 0.7900 and 0.7920; the area capped the upside during the previous week and generated a pullback.

So far in October, NZD/USD found support above 0.7700 and since then it has been moving with a slightly upside bias, but as mentioned, the 0.7920 limited the recovery.

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