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Aug 15, 2014
The NZD/USD holding below 0.8500
FXStreet (Córdoba) - The NZD/USD is about to end flat on Friday but with small gains for the week, trading around 0.8485. After falling on Asian hours to 0.8464 (daily low) rebounded.
The rally from the lows found resistance at 0.8500 and pulled back weakened by risk appetite. The decline found support at 0.8475 and during the last hour it has been steady hovering around 0.8485.
NZD/USD ends week far from lows
The Kiwi is about to post the first weekly gain against the US dollar in a month. Price bottomed on Tuesday at 0.8405, the lowest price in two months but trimmed loses and after rising on Wednesday and Thursday, turned positive for the week.
The rally from the lows found resistance at 0.8500 and pulled back weakened by risk appetite. The decline found support at 0.8475 and during the last hour it has been steady hovering around 0.8485.
NZD/USD ends week far from lows
The Kiwi is about to post the first weekly gain against the US dollar in a month. Price bottomed on Tuesday at 0.8405, the lowest price in two months but trimmed loses and after rising on Wednesday and Thursday, turned positive for the week.