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NZD/USD erases gains, back below 0.7700

FXStreet (Córdoba) - The kiwi failed to hold to gains against the US dollar and lost ground during the American session. NZD/USD printed a fresh session low at 0.7689. Greenback gained momentum across the board and erased losses versus commodity currencies.

The pair is falling for the second day in a row and headed toward the lowest daily close since June 2012 as it continues under pressure.

NZD/USD levels to watch

To the upside immediate resistance might lie at 0.7710 and above here at 0.7755/60 (daily high) and then 0.7780. On the opposite direction support could be located at 0.7680 and below here at 0.7665 (daily low) and 0.7645.

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