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TDUX
May 06 - 08:55 PM

NZD/USD - Takes Flight On Easing Energy Crisis Hopes

By James Connell  —  May 06 - 06:41 PM

• NZD/USD +1.3% from Wed 0.58815 low amid U.S.-Iran peace deal optimism

Break above 0.5930 resistance after multiple failed attempts opens topside

• Iran reviewing proposal to end war, reports suggest key issues unresolved

• Iran's Ebrahim Rezaei says "closer to an American wish-list than to reality"

• Brent crude down 7.8%, gold +3.0%, broad USD index down 0.5%

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

• Range NZ 0.59539-60, 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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