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Apr 20 - 11:55 PM

NZD/USD - Settles Above 0.6770 After Early Spill On Softer NZ CPI

By John Noonan  —  Apr 20 - 09:00 PM
  • NZD/USD spiked down to 0.6767 after softer than expected NZ CPI earlier today nAZN02EHPY

  • It is settling just above 0.6770 - but below the 10-day MA at 0.6791

  • NZD was best performing currency on Wednesday and rose 1.1% against the USD

  • It gave back around half of the gains following the NZ CPI release

  • Support is at Wednesday's 0.6735 low and April 18 trend low at 0.6716

  • A break back above the 10-day MA at 0.6791 would restore upward momentum

  • For more click on FXBUZ










Source:
Refinitiv IFR Research/Market Commentary

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