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12 Jun 2013
NZD/USD capped below 0.79 ahead of domestic data
FXstreet.com (Barcelona) - NZD/USD is last around the 0.7870 level, slightly below previous weekly close Friday, off NY session highs at 0.79. The pair has been relatively quiet through out the US session as it sits more or less at same price where it started in NY.
The pair has recovered from fresh 1-year lows at 0.7760 printed in late London trade, ahead of NZ REINZ House Price Index (MoM) for May at 22:15 GMT and Electronic Card Retail Sales (MoM) half hour later.
Immediate support to the downside for NZD/USD lies at recent session lows and Monday's London session lows 0.7837, followed by Monday's lows at 0.7809, while to the upside closest resistance shows at mentioned NY session highs 0.7900, followed by Monday's weekly highs at 0.7928.
The pair has recovered from fresh 1-year lows at 0.7760 printed in late London trade, ahead of NZ REINZ House Price Index (MoM) for May at 22:15 GMT and Electronic Card Retail Sales (MoM) half hour later.
Immediate support to the downside for NZD/USD lies at recent session lows and Monday's London session lows 0.7837, followed by Monday's lows at 0.7809, while to the upside closest resistance shows at mentioned NY session highs 0.7900, followed by Monday's weekly highs at 0.7928.