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NZD/USD breaks above 0.7800


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FXStreet (Córdoba) – After testing the 0.7800 area, NZD/USD finally broke above and climbed to 0.7834 reaching the strongest level since December 16.

The pair was trading at 0.7810, up 0.30% after making a modest retreated from the highs. Greenback was falling across the board while the kiwi was among the best performers.


NZD/USD technical level


To the upside immediate resistance could be located at 0.7835 and above here at 0.7870 (Dec 11 high) and 0.7900. On the downside, support might lie at 0.7800, 0.7760/65 and 0.7740.