FX News

NZD/USD Transfer:

The NZD crashed back to earth over the last week, heading back towards 0.6000, after reaching up as high as 0.6200. The Central Bank meeting in Sintra, Portugal, was extremely hawkish and the message was, rates were going to be ‘higher for longer’. Inflation remains the key driver of interest rates and this is forcing recessionary economic conditions, thus undermining commodity currencies.

Current Level: 0.6086
Resistance: 0.6200
Support: 0.6000

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