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21 May 2014
NZD/USD falls to 0.8540, 3-week low
FXStreet (Córdoba) - The NZD/USD fell further during the American session and printed a fresh low at 0.8540, the weakest level since April 29. Price remains near the lows ahead of the release of the FOMC minutes.
Earlier the pair bottomed at 0.8550 and then bounced to the upside, approaching 0.8600 but the recovery was short lived.
NZD/USD eyeing key support
The Kiwi is falling for the fifth day in a row against the US dollar and continues to move toward the 0.8500 - 0.8515 area that is an important support, that capped the downside in March and several times in April.
Earlier the pair bottomed at 0.8550 and then bounced to the upside, approaching 0.8600 but the recovery was short lived.
NZD/USD eyeing key support
The Kiwi is falling for the fifth day in a row against the US dollar and continues to move toward the 0.8500 - 0.8515 area that is an important support, that capped the downside in March and several times in April.