NZD/USD breaks below 200-hour MA of 0.7385

11 February 2015, 16:52
Andrius Kulvinskas
0
93
The New Zealand Dollar is falling against its American counterpart and after falling 50 pips from 0.7410 in the last hour, the NZD/USD broke below the MA-200 hours of 0.7385 to trade at daily lows of 0.7355. 

Currently, NZD/USD is trading at 0.7371, down 0.39% on the day, having posted a daily high at 0.7449 and low at 0.7359. NZD/USD spot is in neutral territory according to the hourly FXStreet OB/OS Index, while the FXStreet Trend Index is slightly bearish.

NZD/USD levels

To the downside, the NZD/USD will find next supports at 0.7360, 0.7350 and 0.7330. To the upside, resistances are at 0.7385, 0.7400, 0.7430.
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