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18 Mar 2014
NZD/USD breaks above 0.8600 and trades at multi-month highs around 0.8630
FXStreet (San Francisco) - The New Zealand Dollar is trading higher today's session against the US Dollar with the NZD/USD rallying around 85 pips from 0.8540 traded overnight to break above the 0.8600 area and test highs since December 4 around 0.8630.
Buy orders around 0.8600 fueled the pair to test highs. Now the NZD/USD is 0.71% positive in the day and trading at 0.8625. The short term perspective is slightly bullish with indicators such as MACD, CCI and Momentum pointing to the north. Stochastic is bearish.
NZD/USD levels
The pair would face resistances at 0.8640 and December 11 high at 0.8675. On the downside, supports are seen at 0.8600, 0.8580 and 0.8550.
Buy orders around 0.8600 fueled the pair to test highs. Now the NZD/USD is 0.71% positive in the day and trading at 0.8625. The short term perspective is slightly bullish with indicators such as MACD, CCI and Momentum pointing to the north. Stochastic is bearish.
NZD/USD levels
The pair would face resistances at 0.8640 and December 11 high at 0.8675. On the downside, supports are seen at 0.8600, 0.8580 and 0.8550.