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NZD/USD stepping back a few paces on Daily Auction

FXStreet (Guatemala) - NZD/USD is trading at 0.7935, up 0.27% on the day, having posted a daily high at 0.7976 and low at 0.7909.

NZD/USD has dropped on the back of the daily auction prices earlier falling 3.1%. There pair is now to test 0.7940 and moving away from the longer term resistance lines in a heavily congested section of the high road. However, the pair still trades with a strongly bullish bias on the short term technical and remains in positive territory above the pivot.

NZD/USD noteworthy levels

Current price is 0.7935, with resistance ahead at 0.7941 (Hourly 20 EMA), 0.7960 (Daily Classic R1), 0.7967, 0.7975 and 0.8000. Next support to the downside can be found at 0.7930 (Daily Classic PP,) 0.7914 and 0.7906 (Hourly 100 SMA).

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