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9 Apr 2015
NZD/USD eyes 0.76
FXStreet (Mumbai) - NZD/USD extends its upside bias for the second straight session, inching towards 0.76 barrier, despite the persistent strength seen in the US dollar against its major peers.
NZD/USD at two-day highs
Currently, the NZD/USD pair trades 0.44% higher at fresh session highs of 0.7586, with eyes set on 0.76 handle. NZD/USD advanced largely at stops were triggered at 0.7550 levels, technically driving the pair higher towards 0.76 mark.
The Kiwi ignored New Zealand Prime Minister John Key’s comments stating that he expects the currency to come down. Moreover, NZD/USD also shrugged off the US dollar upsurge backed by FOMC minutes released yesterday.
Meanwhile, in absence of NZ data for the day, the pair may take fresh cues from US jobs data due later in the day for further momentum on the pair.
NZD/USD Levels to consider
To the upside, the next resistance is located at 0.7600 levels and above which it could extend gains to 0.7623 levels. To the downside immediate support might be located at 0.7527 levels below that at 0.7500 levels.
NZD/USD at two-day highs
Currently, the NZD/USD pair trades 0.44% higher at fresh session highs of 0.7586, with eyes set on 0.76 handle. NZD/USD advanced largely at stops were triggered at 0.7550 levels, technically driving the pair higher towards 0.76 mark.
The Kiwi ignored New Zealand Prime Minister John Key’s comments stating that he expects the currency to come down. Moreover, NZD/USD also shrugged off the US dollar upsurge backed by FOMC minutes released yesterday.
Meanwhile, in absence of NZ data for the day, the pair may take fresh cues from US jobs data due later in the day for further momentum on the pair.
NZD/USD Levels to consider
To the upside, the next resistance is located at 0.7600 levels and above which it could extend gains to 0.7623 levels. To the downside immediate support might be located at 0.7527 levels below that at 0.7500 levels.