By John Noonan — Dec 04 - 04:20 PM
NZD/USD has fallen 0.67% in early Asia and leads the USD broadly higher
NZD outperformed in Friday - gaining around 1.0% against the AUD and CAD
NZD/USD rose 2.7% last week and NZD gained against every currency bar JPY
Rapid and stretched rise in the NZD/USD may be encouraging profit taking
Key fibo resistance is at the 61.8 of the 2022 high/low at 0.6552
Support is at the 200-day MA at 0.6285
AUD/NZD likely to be impacted by RBA decision on Tuesday
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary