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27 Feb 2014
NZD/USD breaks 0.8345 and jumps to 0.8390
FXStreet (Córdoba) - The NZD/USD had on Thursday one of the best days of February and finished with a gain of 60 pips at 0.8365/70. The Kiwi was among the best performers among majors.
During yesterday’s Asian session the NZD/USD traded below 0.8300 but the gained upside momentum and accelerated to the upside after breaking above 0.8345. After Wall Street opening bell peaked at 0.8391 reaching the highest price since February 17, but then pulled back, finding support at 0.8360.
NZD/USD eyeing 0.8400
It the pair continues to move to the upside and rises above 0.8394 it would be trading at the highest level in six weeks. The area around 0.8400 continues to be an important resistance level and if broken, volatility could increase.
During yesterday’s Asian session the NZD/USD traded below 0.8300 but the gained upside momentum and accelerated to the upside after breaking above 0.8345. After Wall Street opening bell peaked at 0.8391 reaching the highest price since February 17, but then pulled back, finding support at 0.8360.
NZD/USD eyeing 0.8400
It the pair continues to move to the upside and rises above 0.8394 it would be trading at the highest level in six weeks. The area around 0.8400 continues to be an important resistance level and if broken, volatility could increase.