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NZD/USD consolidates above 0.7700

FXStreet (Edinburgh) -The Kiwi dollar is looking to stabilize its intraday decline at the end of the US session on Wednesday, side-lining around 0.7730.

NZD/USD dragged lower by US dollar

The positive surprise from the labour market in New Zealand during the third quarter could not help the pair to depreciate vs. the greenback today, losing more than a big figure from tops in early trade near 0.7840 to an ephemeral test of 0.7685 during the afternoon in Euroland. Without data releases and events scheduled for tomorrow and Friday in NZ, spot’s price action will mainly hinge on its Antipodean peer and the US docket.

NZD/USD levels to consider

At the moment the pair is retreating 0.60% at 0.7728 with the next support at 0.7685 (low Nov.5) and then 0.7670 (low Aug.5 2013). On the flip side, a break above 0.7959 (high Oct.28) would expose the psychological level at 0.8000.

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