NZD/USD drops to 0.7320

FXStreet (Córdoba) - NZD/USD is falling on Friday trimming part of yesterday’s gains. During the Asian session price rose momentarily back above 0.7400 but failed to hold and moved to the downside.

After breaking below 0.7360/65 (yesterday’s New York session lows), the pair dropped to 0.7323. Then attempted to recover but found resistance below 0.7350. Currently the pair trades at 0.7330/35, slightly bleow the level it closed last week.

NZD/USD key levels

Today the pair failed to hold above 0.7400 and further to the upside, the key resistance lies at 0.7445/50; a break higher could open the doors for further gains. On the downside below daily lows, the next support might lie around 0.7300 - 0.7310 (March 10, 11 highs) followed by 0.7225.

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