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19 May 2015
NZD/USD eyes May lows
FXStreet (Córdoba) - NZD/USD rose during the Asian session on the back of economic data from New Zealand but failed to hold to gains and resumed the decline. Recently printed a fresh weekly low at 0.7340.
NZD/USD retreats from 0.7445
A stronger US dollar across the board pushed NZD/USD to the downside since European hours. Also the kiwi failed to recover amid a decline in dairy prices with the GDT Index down 2.2% after today’s auction.
Currently NZD/USD trades at 0.7355, down 0.45% for the day. The pair is losing ground for the third day in a row as it continues to approach to the
next key support located around the 0.7230 area (May 11, 12, 13 low). A break lower, would put the price at 2-month lows.
NZD/USD retreats from 0.7445
A stronger US dollar across the board pushed NZD/USD to the downside since European hours. Also the kiwi failed to recover amid a decline in dairy prices with the GDT Index down 2.2% after today’s auction.
Currently NZD/USD trades at 0.7355, down 0.45% for the day. The pair is losing ground for the third day in a row as it continues to approach to the
next key support located around the 0.7230 area (May 11, 12, 13 low). A break lower, would put the price at 2-month lows.