NZD/USD Transfer
The ongoing global trade wars continue, but the focus, is now centred on the single market. Trump announced a 50 % tariff, on all EU products, commencing 1st of June. A phone call from the EU, resulted in a deferment date until 9th of July. This will mean unsettled markets, between the global trade heavyweights, for more than a month. The NZD escaped under the radar, moving back towards 0.6000, but remains vulnerable to tariffs, from the USA.
Current Level: 0.5985
Support: 0.5900
Resistance: 0.6050
Last week’s range: 0.5875 – 0.6035
