FXStreet (Córdoba) - NZD/USD is hovering around 0.7600 after reaching a fresh daily high at 0.7605. The pair is moving with a bullish bias as the dollar remains weak across the board after disappointing economic data from the US.
The pair found support at 0.7540 during the Asian and the European session and then bounced to the upside and now is slightly higher for the day, attempting to rally above 0.7600 but still moving within a range.
NZD/USD down for the week, after finding resistance at 0.7740
From the level it had a week ago NZD/USD is down 1.30%. The kiwi dropped sharply on Thursday, retreating further after being unable to break above the key resistance area located at 0.7740 (Apr 17, 22 high).