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15 May 2014
NZD/USD retreats from 1-week highs
FXStreet (Córdoba) - The NZD/USD bottomed after Wall Street opening bell at 0.8626 reaching the lowest price since Wednesday Asian session. Currently trades at 0.8645, down 0.25% for the day so far.
NZD/USD recovery losses momentum
Earlier the pair was rising, headed toward the fourth daily gain in a row and peaked at 0.8694 but then reversed and turned to the downside, accelerating on European hours.
The recovery from 0.8600 (May 9 low) lost momentum and broke important short term supports weakened by the New Zealand Dollar that, among majors, is the worst performer on Thursday.
NZD/USD recovery losses momentum
Earlier the pair was rising, headed toward the fourth daily gain in a row and peaked at 0.8694 but then reversed and turned to the downside, accelerating on European hours.
The recovery from 0.8600 (May 9 low) lost momentum and broke important short term supports weakened by the New Zealand Dollar that, among majors, is the worst performer on Thursday.