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5 Dec 2014
NZD/USD treads waters ahead of US NFP numbers
FXStreet (Mumbai) - The Kiwi pair is treading cautiously lower in a very lacklustre Asian session, with US dollar bulls back on the bid - despite a modest one - ahead of US jobs data.
The NZD/USD pair trades slightly lower at 0.7767 around the 50-day SMA at the time of writing. The so-called kiwi has been pressured on broad based US dollar strength this week. The weakness in AUD/USD is also likely to weigh on the NZD/USD going forward.
NZD/USD Technical Levels
To the upside, the next resistance is located at 0.7803 (100-day SMA), above which it could extend gains to 0.7826 (Dec 4 High) and 0.7843 (Nov 11 High) levels. To the downside immediate support might be located at 0.7726 (Dec 4 Low), below that at 0.7710 (Nov 11 Low) and from here at 0.7697 (Nov 3 Low).
The NZD/USD pair trades slightly lower at 0.7767 around the 50-day SMA at the time of writing. The so-called kiwi has been pressured on broad based US dollar strength this week. The weakness in AUD/USD is also likely to weigh on the NZD/USD going forward.
NZD/USD Technical Levels
To the upside, the next resistance is located at 0.7803 (100-day SMA), above which it could extend gains to 0.7826 (Dec 4 High) and 0.7843 (Nov 11 High) levels. To the downside immediate support might be located at 0.7726 (Dec 4 Low), below that at 0.7710 (Nov 11 Low) and from here at 0.7697 (Nov 3 Low).