By Krishna K — Aug 28 - 10:25 PM
NZD/USD rallies 0.6% in Asia, rises to 0.6291, highest since Jan 2
Boosted by soaring New Zealand business confidence in August
Westpac says confidence up across a range of measures on dovish RBNZ
NZD purchases versus AUD provide further lift , pair down 0.6% Thursday
AUD/NZD down 2.4% since Aug 16 despite RBA-RBNZ diverging rate expectations
NZD/USD likely to find strong resistance at 0.6320, the high in 2024
Support at 0.6245-50, 0.6220; Asia range 0.6242-0.6291
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Source:
Refinitiv IFR Research/Market Commentary