OctaFX | OctaFX Forex Broker
Open trading account
Back

NZD/USD erases gains, back to 0.7860

FXStreet (Córdoba) - NZD/USD fell below 0.7900 during the European session and recently dropped further, to test daily lows located around 0.7860.

Earlier reached at 0.7925 the highest price in almost a week but then lost momentum and retreated. On European hours found support at 0.7870/72 but recently, as Greenback gained momentum across the board, broke below and fell to 0.7862.

NZD/USD levels to watch

Price remains near daily lows; immediate support might lie at 0.7860 and below here at 0.7840 (Nov 13, 19 low) and 0.7810. To the upside, 0.7890 has become again a resistance level, followed by 0.7920/25 (daily high) and 0.7945 (Nov 21 high).

FTSE trades flat as Oil companies decline after OPEC keeps production levels unchanged

The London’s FTSE trades flat as the oil shares extended the decline following the OPEC’s decision to keep the production levels unchanged at 30 million barrels a day.
Read more Previous

AUD/USD finds temporary relief - BTMU

Lee Hardman, Currency Analyst at Bank of Tokyo-Mitsubishi UFJ noted that the Australian dollar had rebounded modestly in the Asian trading session after falling yesterday to its lowest level against the US dollar since July 2010.
Read more Next
Start livechat