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NZD/USD falls to 0.8380

FXStreet (Córdoba) - The NZD/USD hit a fresh daily low at 0.8379 during the American session as the US dollar gained momentum following Yellen’s remarks. The decline from 0.8429, 2-day high, found support around 0.8380.

From there the pair bounced to the upside and currently is hovering around 0.8400, flat for the day but 85 pips below where it was a week ago.

NZD/USD headed toward lowest weekly close in months

The Kiwi is about to post the fifth weekly decline out of the last six weeks. The bearish run started from levels on top of 0.8800 and bottomed at 0.8346, yesterday. The weekly close would be the lowest since Febuary 2014.

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