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Dec 04 - 05:55 PM

NZD/USD - Falls In Early Asia And Leads USD Broadly Higher

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

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