FX News

NZD/USD Transfer

The New Zealand Dollar (NZD) pushed up against the US Dollar (USD) into the close to 0.6170 after recovering from areas around 0.6060. The 8-week high at 0.6219 held Friday before falling back to 0.6160 Monday. US Non-Farm Payroll came in well above expectation Friday with 353,000 new jobs being added to the economy in January. This sank the greenback across the board with investors exciting the currency. Markets await Wednesday’s US CPI data release with predictions of no change from 3.1%. We expect prices in the pair to drift back towards the 0.6120 area.

Current Level: 0.6167
Support: 0.6150
Resistance: 0.6200
Last week’s range: 0.6067- 0.6215


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