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Mar 17 - 07:55 PM

NZD/USD - Holds On To Strong Gains After Weaker NZ GDP

By John Noonan  —  Mar 17 - 06:09 PM
  • NZ Q4 GDP weaker than expected, but having no impact on NZD/USD

  • NZD/USD rose 0.70% Wednesday and completed bullish outside day after dovish Fed nL1N2LF2XI

  • NZD/USD traded as high as 0.7263 to pierce 38.2 of 0.7463/0.7100 at 0.7239

  • Resistance is at the 50% retracement of that move at 0.7282

  • Support comes in at the 55-day at 0.7216

  • For more click on FXBUZ










Source:
Refinitiv IFR Research/Market Commentary

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