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7 Mar 2014
NZD/USD ends at the highest level in 4-months
FXStreet (Córdoba) - The NZD/USD soared on Thursday, rising for the third day in a row and finished around 0.8470, posting the highest daily close since October 22. A sharp decline of the US dollar across the board pushed the pair to the upside.
The rally of the NZD/USD was capped by the 0.8500 area. In the last hour of the American session pulled back, ending the day around 0.8470 with a gain of 65 pips. From Monday’s lows the pair has now risen 150 pips and is headed toward the second weekly gain in a row.
NZD/USD more upside?
After attempting to consolidate above 0.8400 many times in the last months, the Kiwi was finally able to do it. The short-term trend is bullish, with the price pointing toward October highs that lie at 0.8540/45.
The rally of the NZD/USD was capped by the 0.8500 area. In the last hour of the American session pulled back, ending the day around 0.8470 with a gain of 65 pips. From Monday’s lows the pair has now risen 150 pips and is headed toward the second weekly gain in a row.
NZD/USD more upside?
After attempting to consolidate above 0.8400 many times in the last months, the Kiwi was finally able to do it. The short-term trend is bullish, with the price pointing toward October highs that lie at 0.8540/45.