Forex: NZD/USD easing from a fresh 2-week high

FXstreet.com (Barcelona) - The Kiwi has been easing non stop since yesterday's fresh 2-week highs at 0.8448, last at 0.8363, a -1.06% lower from there, and about flat for the current week. The pair stalled below the ask line has been keeping Kiwi limited, since mid Aug 2011, around the 0.8450 level.

Risk appetite has been some how easing as well, specially since yesterday's massive Apple shares sell off in the after hours NY markets, and the North Korea threat of testing more nuclear weapons, declared yesterday, with intentions to attack the US. Apple shares finally lost -12.35% at the Thursday's NY close, with SP500 flat, but local share markets following suit, though in a mixed way, with Australia and Tokyo still in the positive.

Immediate support to the downside for NZD/USD lies at current levels as Jan 14 lows, followed by Monday's/last Friday's lows at 0.8332, and Jan 07 lows at 0.8286. To the upside, nearest term resistance shows at Jan 15 lows 0.8371, followed by Wednesday's lows at 0.8399, and Tuesday's highs at 0.8429.

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