FXstreet.com (Córdoba) - The Kiwi was on the rise this Wednesday after 2 days falling, and against the Greenback it managed to consolidate a 132-pip or 1.89% gain favored by a series of upbeat economic data and rising stocks around the globe.
NZD/USD broke above the 0.7100 resistance level by the end of the New York session and posted a fresh 2-day high at 0.7128 before settling slightly lower around the 0.7110 area. However at early Thursday, NZD/USD staged a pullback toward the 0.7100 support level from where it was rejected toward the current level around 0.7120.
To the upside, next resistance might be found at the 0.7130/35 area followed by 0.7160. To the downside, supports could be located at 0.7100 and 0.7050.
NZD/USD broke above the 0.7100 resistance level by the end of the New York session and posted a fresh 2-day high at 0.7128 before settling slightly lower around the 0.7110 area. However at early Thursday, NZD/USD staged a pullback toward the 0.7100 support level from where it was rejected toward the current level around 0.7120.
To the upside, next resistance might be found at the 0.7130/35 area followed by 0.7160. To the downside, supports could be located at 0.7100 and 0.7050.
