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NZD/USD holds above 0.7800

FXStreet (Córdoba) - The kiwi is recovering ground on Wednesday against the US dollar after falling yesterday to 0.7765, the lowest price in two weeks.

NZD/USD capped by 0.7850

The pair started the day trading slightly above 0.7800, peaked at 0.7851 and retreated, hitting a daily low at 0.7802. A weak greenback pushed NZD/USD to the upside during the last few hours, ahead of the release of economic data in the US, and trades at 0.7835.

To the upside, the immediate resistance lies at 0.7850 and above here at 0.7875, followed by 0.7910 (Nov 24 high). On the opposite direction support might lie at 0.7800 (daily low), 0.7780 and 0.7765 (Nov 25 low).

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