FX News

NZD/USD Transfer

NZ Business Confidence gapped, from minus 52 at the end of Q4 2023, to only minus 2. This was a massive rebound and is a confirmation that business is positive regarding the new Government policies, so far. Resurgent inflation in Europe and the US has pushed bond yields higher and enabled the US Dollar to rebound, pushing the NZD back to below 0.6100. Further inflationary pressures and the supply problems continuing to escalate in the Middle East, will ensure further downside pressures.

Current level: 0.6080
Support: 0.6060
Resistance: 0.6130
Last week’s range: 0.6080-0.6230

Previous ArticleNext Article