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NZD/USD rises further, eyes 0.7900

FXStreet (Córdoba) - The kiwi rose further against the US dollar and reached the strongest level in two weeks at 0.7885. After Wall Street opening bell NZD/USD remained near the highs, holding a bullish tone, near 0.7900.

NZD/USD strong above 0.7840

The pair moved in ranges during the Asian session until it broke above a key short term resistance at 0.7840 and rose to 0.7878; recently printed fresh highs but quickly pulled back toward 0.7865 and currently trades at 0.7870, up 0.88% for the day.

On Wednesday the pair is rising for the second day in a row, moving further away from last week low, when it reached at 0.7659, the weakest level in two years.

Copper awaits China data

Copper, on the Comex division of the New York Mercantile Exchange, traded in the sideways manner as the investors await fresh fundamental triggers in the form of Chinese industrial production data due for release tomorrow.
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