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NZD/USD bears are about

FXStreet (Guatemala) - NZD/USD is trading at 0.7865, down -0.27% on the day, having posted a daily high at 0.7890 and low at 0.7862.

NZD/USD is pressing on the 0.7880 support in a little give back towards the end of the week for the pair. Analysts at BNZ explained the medium-term story remains one of further NZD/USD weakness, and importers holding out for a sustained return above 0.80 are likely to be frustrated. “Exporters with time on their hands can likely afford to be patient. We would consider dips below 0.76 opportune for those with near-term hedging needs”.

NZD/USD noteworthy levels

With spot trading at 0.7867, we can see next resistance ahead at 0.7888 (Hourly 20 EMA), 0.7890 and 0.7925 (Daily Classic R1). Support below can be found at 0.7859 (Daily Classic PP), 0.7839 (Weekly Classic R1) and 0.7825 (Daily 20 SMA).

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