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NZD/USD threatens 0.6500

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Nov 24, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    FXStreet (Córdoba) - NZD/USD came under pressure and is pushing against the 0.6500 support level amid a risk-off environment and ahead of the release of the US GDP revision.

    NZD/USD was rejected from an Asian session high of 0.6536, and slid to a low of 0.6502 in recent dealings. However, the decline lacked follow-through to decisively break below the 0.65 mark and the pair was last trading at 0.6508, 0.14% below its opening price.

    NZD/USD levels to watch

    In terms of technical levels, next supports could be found at 0.6465 (Nov 19 low) and 0.6428 (Nov 18 low). On the flip side, resistances are seen at 0.6547 (100-day SMA), 0.6566 (50-day SMA) and 0.6605 (Nov 20 high).
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