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3 Apr 2015
NZD/USD steadies at 0.75
FXStreet (Mumbai) - The NZD/USD pair is hovering just above 0.75 levels, as investors await the non-farm payrolls data in the US.
NZD gains on selling in AUD/NZD cross
The Kiwi gained despite the better-than-expected US weekly jobless claims data in the US as the AUD/NZD cross was aggressively sold on speculation that the Reserve Bank of Australia would cut interest rates next week.
The investors now await the non-farm payrolls data in the US that may give clues to when the Federal Reserve will raise interest rates.
NZD/USD Technical Levels
The immediate support is seen at 0.75, under which losses could be extended to 0.7471 (50-DMA). On the flip side, resistance is seen at 0.7530 (10-DMA), above which gains could be extended to 0.7564 (100-DMA).
NZD gains on selling in AUD/NZD cross
The Kiwi gained despite the better-than-expected US weekly jobless claims data in the US as the AUD/NZD cross was aggressively sold on speculation that the Reserve Bank of Australia would cut interest rates next week.
The investors now await the non-farm payrolls data in the US that may give clues to when the Federal Reserve will raise interest rates.
NZD/USD Technical Levels
The immediate support is seen at 0.75, under which losses could be extended to 0.7471 (50-DMA). On the flip side, resistance is seen at 0.7530 (10-DMA), above which gains could be extended to 0.7564 (100-DMA).