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NZD/USD finishes unchanged after touch of 9-week high

By FXstreet.com,  July 05, 2012, 05:33:00 PM EDT

FXstreet.com (San Francisco) - The New Zealand dollar on Thursday extended gains against its U.S. counterpart, climbing to a 9-week high after the ECB, the BoE and the PBoC announced moves to boost growth.

NZD/USD rose as high as 0.8074 from a daily low of 0.8005, but pulled back and managed to close the NA session unchanged on the day at 0.8030.

Worthy of note, the pair's ascent was capped by the 61.8% Fibonacci resistance level of the 0.8469/0.7453 downswing. Further resistance is noted at 0.8104, while support lies at 0.7988 (19 June high).

The New Zealand dollar rose 1% over the euro, with EUR/NZD falling to as low as 1.5415 from 1.5576 late Wednesday.




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Forex and Currencies

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