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17 Apr 2014
NZD/USD rises back above 0.8600
FXStreet (Córdoba) - The NZD/USD recovered ground during the American session and rose back above 0.8600, reaching 0.8636. Currently is hovering around 0.8630, moving in a range between 0.8620 and 0.8635.
The Kiwi weakened yesterday after the release of inflation data from New Zealand and bottomed at 0.8577, lowest level since April 4 but then trimmed losses.
NZD/USD rebounds from key level
The Kiwi finished lower for the second day in a row against the US dollar but it was able to hold above a key level. For a few minutes the NZD/USD traded below an ascendant daily trendline originated last February but rose back above. Currently the line stands around the 0.8600 mark.
The Kiwi weakened yesterday after the release of inflation data from New Zealand and bottomed at 0.8577, lowest level since April 4 but then trimmed losses.
NZD/USD rebounds from key level
The Kiwi finished lower for the second day in a row against the US dollar but it was able to hold above a key level. For a few minutes the NZD/USD traded below an ascendant daily trendline originated last February but rose back above. Currently the line stands around the 0.8600 mark.