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7 Aug 2014
NZD/USD approaches 0.8500
FXStreet (Córdoba) - The NZD/USD continues to recover from 8-week lows and recently printed a fresh daily high at 0.8492, hitting the highest price since tuesday.
Currently is trading at 0.8476, slightly higher for the day. During the European session found support at 0.8450 and then rebounded to the upside and is now headed toward the second daily gain in a row.
NZD/USD still bearish
Despite moving of session low the NZD/USD is still moving with a bearish bias. Since the week of July 15 reached fresh lows every week. Yesterday bottomed at 0.8421, the lowest level since June 4.
Currently is trading at 0.8476, slightly higher for the day. During the European session found support at 0.8450 and then rebounded to the upside and is now headed toward the second daily gain in a row.
NZD/USD still bearish
Despite moving of session low the NZD/USD is still moving with a bearish bias. Since the week of July 15 reached fresh lows every week. Yesterday bottomed at 0.8421, the lowest level since June 4.