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TDUX
Jun 16 - 08:55 PM

NZD/USD - Softens On Plummeting Consumer Confidence

By James Connell  —  Jun 16 - 07:05 PM

• NZD/USD -0.2% Wed after consumer confidence hits lowest level since 2023

• NZ Q2 Westpac consumer confidence index falls to 80.4 (prior 94.7)

• NZ Q1 current account -1.04 bln, Q1 GDP Thur (poll +0.8% q/q, +1.1% y/y)

• Focus moves to new Fed Chair Warsh's first post-FOMC address late Wed

• Trump says preliminary Iran deal detail will be available soon

• NZD's rejection of 0.5867 55-DMA will encourage bears for time being

• Range NZ 0.5830-399, support 0.5680 5580, resistance 0.5990-95 0.6012
NZD Daily 55-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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