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NZD/USD trims losses after hitting 2-month lows

FXStreet (Córdoba) - The NZD/USD fell sharply during the Asian session and bottomed at 0.8406, reaching the lowest price since June 4 afterwards rebounded and trimmed losses.

Currently trades at 0.8437, down 0.25% for the day. The recovery from the lows found resistance at 0.8440. Price was able to rise back above previous lows, avoiding so far a daily close at the lowest level since March.

NZD/USD levels to consider

To the downside, the key support area is located around 0.8400/10; and below here support might lie at 0.8380 and then 0.8345. To the upside, resistance is seen at 0.8440 (intraday level) and above here at 0.8455 followed by 0.8475 (August 11 high).

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