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TDUX
May 07 - 08:55 PM

NZD/USD - Cedes Hard Fought Gains But May Find Support

By James Connell  —  May 07 - 07:23 PM

• NZD/USD -0.8% from Thur 0.5983 high as U.S.-Iran ceasefire frays at seams

• NZD buyers likely to emerge ahead former 0.5930 major resistance zone

• Iran accuses U.S. of violating ceasefire, says ships and civilian areas hit

• Trump confirms strikes, says they were retaliatory & ceasefire is ongoing

• U.S. trade court rules against Trump's newest 10% global tariffs

• Pivotal U.S. Apr non-farm payrolls due Fri, Reuters poll consensus +62k

• Range NZ 0.59321-56, support 0.5680 0.5580, resistance 0.6090-95 0.6120
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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