Market confidence was on the rise, despite Western Central Banks hawkish monetary policy statements, resulting in equities surging to near record levels. Sentiment is strong and this allowed the reserve to soften and the NZD bounced back strongly to 0.6150. A shortened trading week in the USA, due to an extended Independence Day holiday, will result in an intense close to the trading week.
Current Level: 0.6145
Resistance: 0.6200
Support: 0.6050
Last Weeks Range: 0.6060-0.6130