NZD/EURO Transfer
The New Zealand Dollar (NZD), Euro (EUR) has stagnated in May and is slow out of the gates in June, stuck in a range between 0.5235 (1.9100) and 0.5315 (1.8820). This morning the cross is trading around 0.5300 (1.8880). We have no data printing this week in the pair which could indicate more of the same moves. Markets are focusing on the trade talks today between US and Chinese officials in London to spark volatility. We favour a possible retest to the resistance line at 0.5340 (1.8740).
Current Level: 0.5293
Resistance: 0.5320
Support: 0.5210
Last Weeks Range: 0.5244 – 0.5303