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NZD/USD holds above 0.7700

FXStreet (Córdoba) - NZD/USD retreated further after being unable in October to break above 0.8000 and during the American session bottomed at 0.7697, reaching the lowest price since July 2013.

The pair was rejected from below 0.7700 and rose back above. The recovery found resistance at 0.7735 and during the last few hours it has been steady trading around 0.7720/30, headed toward the lowest daily close in a year.

NZD/USD technical levels

To the downside, the immediate support is the key 0.7700 area and below here 0.7680 (June 2013 low) and 0.7650. To the upside, immediate resistance lies at 0.7735 (intraday level) followed by 0.7790/95 (daily high) and 0.7820.

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