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NZD/USD bounces off 2-year low

FXStreet (Córdoba) - NZD/USD managed to recover some ground throughout the European session, after hitting a fresh 2-year low, dragged by broad USD strength and taking cues from its neighbour the Aussie.

NZD/USD bottomed out at 0.7667, touching its lowest level since June 2012, but staged a mild recovery also in tandem with the AUD. Kiwi recouped nearly a full cent but it was capped by 0.7758 in recent dealings. At time of writing, the pair is trading at 0.7745, up 0.25% on Thursday after posting a 1.06% loss the previous day.

Broad greenback strength has dragged Antipodean currencies to fresh multi-year lows, and pairs are likely to remain under pressure regardless BoE/ECB outcomes, with the US nonfarm payrolls in sight.

NZD/USD levels to watch

In terms of technical levels, immediate resistances are seen at 0.7758 (daily high), 0.7809 (10-day SMA) and 0.7840 (Nov 5 high). On the other hand, supports could be found at 0.7667 (2014 low Nov 6), 0.7616 (Jun 8 2012) and 0.7600 (psychological level).

EUR/GBP moving away from 0.7800

EUR/GBP started the day at 0.7815 and climbed towards 0.7839 ; currently the cross is trading at 0.7839 after having touched 0.7821 ahead of European opening.
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