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Jul 05 - 08:55 PM

NZD/USD - Pops Higher After Strong NZ Business Confidence

By John Noonan  —  Jul 05 - 07:23 PM
  • NZD/USD popped from 0.7025 to 0.7066 after strong NZ business confidence nW9N2KO016

  • Bounce in business confidence adds to the hawkish outlook for the RBNZ

  • NZD/USD move higher stalling around the 200-day MA at 0.7062

  • Support now at the 10-day MA at 0.7029 after it clearly broke this morning

  • More resistance is at the June 25 high at 0.7095 For more click on FXBUZ










Source:
Refinitiv IFR Research/Market Commentary

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