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7 Mar 2014
NZD/USD loses the 0.8500 mark
FXStreet (Córdoba) - The NZD/USD fell to negative ground for the day during the American session weighed by the solid US nonfarm payrolls reading.
After hitting a 5-month high of 0.8522, the NZD/USD turned south and having fallen more than 70 pips over the last hours, it is currently trading around 0.8450, recording a 0.3% drop on the day.
NZD/USD key levels
In terms of technical levels, the NZD/USD could find immediate supports at 0.8445 (Mar 7 low), 0.8420 (100-hour SMA) and 0.8400 (psychological level). On the other hand, resistances are seen at 0.8522 (2014 high Mar 7), 0.8543 (high Oct 23 2013) and 0.8585 (high Apr 30 2013).
After hitting a 5-month high of 0.8522, the NZD/USD turned south and having fallen more than 70 pips over the last hours, it is currently trading around 0.8450, recording a 0.3% drop on the day.
NZD/USD key levels
In terms of technical levels, the NZD/USD could find immediate supports at 0.8445 (Mar 7 low), 0.8420 (100-hour SMA) and 0.8400 (psychological level). On the other hand, resistances are seen at 0.8522 (2014 high Mar 7), 0.8543 (high Oct 23 2013) and 0.8585 (high Apr 30 2013).