Forex: NZD/USD rises to 1-month highs at 0.8395

FXstreet.com (San Francisco) - The New Zealand's dollar is trading higher against the Greenback and after rising around 30 pips the NZD/USD has broken above the 0.8385 to reach a fresh 1-month high at 0.8395 in its way to test the 0.8400 level.

Currently the NZD/USD is trading at 0.8390, 0.45% above Tuesday's opening price. The pair is slightly bullish according to the FXstreet.com Forex Studies. MACD, CCI and Momentum are bullish while the Stochastic indicator is bearish in the 1-hour timaframe.

Above the 0.8400 level, next resistances are at 0.8415 (Feb 25 máx) and 0.8440. On the down side, supports are at 0.8370 (March 25 high), 0.8335 (March 25 low) and 0.8300.