Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
Mar 16 - 11:00 PM

NZD/USD - Spikes Higher After NZ Unveils Stimulus Package

By John Noonan  —  Mar 16 - 09:15 PM
  • NZD/USD rose 0.75% to 0.6095 after government announced stimulus package nL4N2BA0BD

  • Sellers at 0.6100 capping for now and it is back to 0.6070/75

  • Resistance is found at 0.6150/60 where it topped out yesterday and Friday

  • Markets are responding better to fiscal easing than monetary easing

  • Market focused on AUD/NZD parity with cross trading around 1.0080

  • The cross completed a bearish outside reversal yesterday

  • It traded down to 1.0020/25 yesterday before profit taking kicked in







nzd/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

Subscription

  • eFXplus
  • End-user license agreement (EULA)

About

  • About
  • Contact Us

Legal

  • Terms of Service
  • Privacy Policy
  • Disclaimer
© 2020 eFXdata · All Rights Reserved
!