FX News

NZD/EUR Transfer:

The New Zealand Dollar (NZD) suffered further losses in early Monday trading reaching a fresh low of 0.5640 (1.7740) against the Euro (EUR) an October 2020 low. Lagarde speaking early morning warning changes in the geopolitical world economy is posing problems for the ECB suggesting instability around supply chain and more “multipolarity.” The ECB will hike to 3.75% in May and raise again in June and July before resting policy in the second half of 2023. This will end the more aggressive tightening round in history. Anything back towards 0.5715 (1.7500) looks good buying.

Current Level: 0.5659 (1.7670)
Resistance: 0.5730 (1.8100)
Support: 0.5525 (1.7450)
Last Weeks Range: 0.5643-0.6804

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