NZD/USD trims daily losses, climbs back to 0.6800

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Dec 23, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    FXStreet (Córdoba) - The New Zealand dollar managed to take back losses against the greenback during the New York session after finding support at the 100-hour SMA.

    NZD/USD fell to a daily low of 0.6761 as the US dollar strengthened following solid personal income and durable goods orders data, but found support and climbed back to the 0.6800 area during the American afternoon, where it trades little changed on the day.

    There is no data scheduled in New Zealand nor the US for the rest of the shortened week.

    NZD/USD technical levels

    In terms of technical levels, next supports could be found at 0.6758 (10-day SMA), 0.6720 (Dec 21 low) and 0.6700 (psychological level). On the flip side, resistances are seen at 0.6835 (Dec 22 high), 0.6865 (200-day SMA) and 0.6897 (Oct 15 high).
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