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4 Sep 2015
NZD/USD pressured on 0.63 handle ahead of US NFP
FXStreet (Mumbai) - The New Zealand dollar remains deep in the red versus its American rival in the early European trades, now pushing NZD/USD towards 0.7350 levels.
NZD/USD swung below 0.64 handle
Currently, the NZD/USD pair trades -0.61% lower at 0.6360, hovering close to fresh session lows struck at 0.6351 in last hours. The Kiwi snapped its 2-day rally and swung back into losses on persisting risk-sentiment and on increasing bids for the US currency ahead of US non-farm payrolls.
The Kiwi accelerated to the downside tracking losses from its Australian neighbour after the latter slumped to the lowest levels since early 2009 sub 0.7000.
Meanwhile, NZD/USD is expected to remain pressured amid lack of domestic fundamentals and Chinese stock markets being closed for a holiday. Therefore the focus for currency markets will remain squarely on US labour market data due later tonight.
NZD/USD Levels to consider
To the upside, the next resistance is located at 0.6400 levels and above which it could extend gains 0.6481 (Aug 31 High) levels. To the downside immediate support might be located at 0.6310 (Sept 2 Low) below that at 0.6244 (Aug 24 Low).
NZD/USD swung below 0.64 handle
Currently, the NZD/USD pair trades -0.61% lower at 0.6360, hovering close to fresh session lows struck at 0.6351 in last hours. The Kiwi snapped its 2-day rally and swung back into losses on persisting risk-sentiment and on increasing bids for the US currency ahead of US non-farm payrolls.
The Kiwi accelerated to the downside tracking losses from its Australian neighbour after the latter slumped to the lowest levels since early 2009 sub 0.7000.
Meanwhile, NZD/USD is expected to remain pressured amid lack of domestic fundamentals and Chinese stock markets being closed for a holiday. Therefore the focus for currency markets will remain squarely on US labour market data due later tonight.
NZD/USD Levels to consider
To the upside, the next resistance is located at 0.6400 levels and above which it could extend gains 0.6481 (Aug 31 High) levels. To the downside immediate support might be located at 0.6310 (Sept 2 Low) below that at 0.6244 (Aug 24 Low).