NZD/EURO Transfer
Price Monday reversed off 0.5210 (1.9200) jumping to 0.5245 (1.9070) as risk markets improved. The Euro (EUR), New Zealand Dollar (NZD) cross reaching the bottom of the recent late April range before bouncing back in black. The European Central Bank (ECB) is pausing its easing policy (rate cutting) in order to digest incoming and ongoing US tariff headlines. Geopolitical tensions in the Middle East are also upsetting the currency apple cart creating wild swings. This week’s NZ GDP q/q holds centre stage, anything 0.7% or higher could rally the kiwi.
Current Level: 0.5233
Resistance: 0.5315
Support: 0.5210
Last Weeks Range: 0.5198 – 0.5311
