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12 Mar 2015
EUR/NZD recovers losses
FXStreet (Mumbai) - The EUR/NZD regained part of its lost ground after the data in Germany showed the CPI remained unchanged in February.
EUR/NZD: Still trades at record lows
The pair still continues to trade at record lows as it trades below the previous low of 1.4409 levels hit yesterday. The Kiwi gained across the board earlier today after the Reserve Bank of New Zeland (RBNZ) held its benchmark interest rate at 3.50% and signalled that borrowing costs should remain unchanged through 2017. The pair hit a low of 1.4307 before recovering part of its losses to trade at 1.4376 levels.
EUR/NZD Technical Levels
The immediate resistance is seen at 1.45, above which the pair could re-test 1.4552 levels. On the other hand, support is seen at 1.4307 levels.
EUR/NZD: Still trades at record lows
The pair still continues to trade at record lows as it trades below the previous low of 1.4409 levels hit yesterday. The Kiwi gained across the board earlier today after the Reserve Bank of New Zeland (RBNZ) held its benchmark interest rate at 3.50% and signalled that borrowing costs should remain unchanged through 2017. The pair hit a low of 1.4307 before recovering part of its losses to trade at 1.4376 levels.
EUR/NZD Technical Levels
The immediate resistance is seen at 1.45, above which the pair could re-test 1.4552 levels. On the other hand, support is seen at 1.4307 levels.