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20 Dec 2013
NZD/USD back above 0.8200
FXstreet.com (Córdoba) - The NZD/USD rose back above 0.8200 and hit at 0.8215 a fresh daily highs following moves by the central bank of China. The Kiwi is extending a recovery after bottoming on Thursday at 0.8151.
Yesterday posted the lowest daily close since December 2 and currently is trading near the highs of the day at 0.8214, up 0.35%, trimming weekly losses. Since the initial hours of Thursday's American session it has risen more than 50 pips.
NZD/USD Technical Levels
The 0.8200 area now is the immediate support, followed by 0.8150 (December 5th lows) and 0.8125 (November 22nd lows). Resistance could be located at 0.8235 (December 17th lows) and above at 0.8265 and 0.8290 (weekly highs).
Yesterday posted the lowest daily close since December 2 and currently is trading near the highs of the day at 0.8214, up 0.35%, trimming weekly losses. Since the initial hours of Thursday's American session it has risen more than 50 pips.
NZD/USD Technical Levels
The 0.8200 area now is the immediate support, followed by 0.8150 (December 5th lows) and 0.8125 (November 22nd lows). Resistance could be located at 0.8235 (December 17th lows) and above at 0.8265 and 0.8290 (weekly highs).