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TDUX
Apr 13 - 08:55 PM

NZD/USD - Rebound Sends Pair Above Key Technical Level

By James Connell  —  Apr 13 - 08:10 PM

• NZD/USD +1.4% from Mon 0.5790 low as risk sentiment comes back to life

• Trump says Iran still wants to make a deal, eases Iran re-escalation fear

• Oil prices moderate (WTI futures -2.6% Tue), USD Index down 0.3% wtd

• Iran threatens retaliation post-implentation of U.S. maritime blockade

• NZD breaks clear of 0.5847 200-DMA, 0.5891 looms as significant test

• NZ Mar electronic card retail sales due Fri, prior +1.4% m/m, +1.5% y/y

• NZ temporary visitors surge, +15.2% for month of Feb versus 1-year ago

• Range NZ 0.5866-73, support 0.5680 0.5580, resistance 0.5891 0.5964 0.6012
NZD daily 200-DMA


(James Connell is a Reuters market analyst. The views expressed are his own.)

Source:
London Stock Exchange Group | Thomson Reuters

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