The New Zealand Dollar (NZD) has extended last week’s losses to move lower off 0.5290 (1.8900) to 0.5245 (1.9070) this morning against the Euro (EUR). Past 0.5220 (1.9165) and we post a new 2025 low and a levels not seen since covid days back around March 2020. Despite discouraging data Friday with Spanish CPI y/y the EUR has squeezed higher. Lagarde speaks tomorrow.
Current Level: 0.5238
Support: 0.5180
Resistance: 0.5365
Last week’s range: 0.5282- 0.5339