Weekly opening swings of late has been have been incredible with so much geopolitical news over the weekends. The New Zealand Dollar (NZD), British Pound (GBP) cross no exception the NZD retreating off 0.4550 (2.1980) to open at 0.4560 (2.1940) before clocking 0.4535 (2.2050) around midday. NZ Retail Sales came in hot at 0.9% for January vs 0.5% markets were expecting. Late in the week is the G20 meeting in Johannesburg where key issues such as the Ukraine/Russia war will be discussed.
Current Level: 0.4537
Resistance: 0.4560
Support: 0.4465
Last Weeks Range: 0.4502- 0.4558