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TDUX
Apr 09 - 07:55 PM

NZD/USD - Extends Gains, Clears Technical Hurdle

By James Connell  —  Apr 09 - 07:18 PM

• NZD/USD +0.6% from Thur 0.5818 low amid uplift in broader risk appetite

• Pair breaks above 0.5849 200-DMA, door open for run at 0.5891 resistance

• A more hawkish sounding RBNZ has invigorated buyers for time being

• Fears of ceasefire derailment allayed by reports Israel seeking Beirut talks

• NZ Mar manufacturing PMI 53.2 (prior 55.0), remains in expansionary zone

• U.S. Q4 GDP +0.5% q/q (poll +0.7%), initial jobless claims 219k (poll 210k)

• Range NZ 0.5851-63, support 0.5680 0.5580, resistance 0.5918 0.6092
NZD Daily 200-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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