NZD/USD falls to test 0.7750, lowest since July 8th

FXstreet.com (San Francisco) - The New Zealand is trading lower today against its American counterpart and after falling around 100 pips from 0.7875 in the European session, the NZD/USD has tested the 0.7750 level.

Currently the NZD/USD is trading at 0.7780, 0.90% negative on the day. The short term perspective is strongly bearish according to the FXstreet.com trend index in the 15-minute chart. Indicators such as MACD, CCI and Momentum are pointing to the south while the Stochastic is neutral.

Below the 0.7750, next supports are at 0.7700 and 0.7680. On the upside, resistances are at 0.7800, 0.7880 and 0.7970.