NZD/USD pair is rising for the fourth straight day on Wednesday. New Zealand revisions on GDP and unemployment helped NZD gather strength. Focus shifts to FOMC meeting, second-quarter GDP data from New Zealand. The NZD/USD pair gained traction during the Asian session on Wednesday and continued to push higher after closing the previous three trading days in the positive territory. As of writing, the pair was trading at its highest level since September 3rd at 0.6748, gaining 0.42% on a daily basis. Earlier in the day, New Zealand’s pre-election economic and fiscal report showed that the unemployment rate was expected to be 7.8%, better than the 9.8% projected in the budget report. Additionally, the forecast for annual gross domestic product (GDP) contraction got revised to 16% from 23.5%. Focus shifts to FOMC Meanwhile, the greenback remains on the back foot ahead of the FOMC’s Interest Rate Decision and Monetary Policy Statement. At the moment, the US Dollar Index is down 0.26% on the day at 92.83. Previewing this event and its potential impact on the USD’s performance, “we expect the Fed to take the first step in shifting from stabilization to accommodative policies at the upcoming meeting,” said Bank of America analysts. “We anticipate a subdued reaction in the FX market, with risks somewhat skewed USD-negative on the day depending on forward guidance language.” In the early trading hours of the Asian session on Thursday, the second-quarter GDP data from New Zealand will be looked upon for fresh impetus as well. Investors expect the economic activity to contract by 12.8% on a quarterly basis. Technical levels to watch for FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next UK’s Lewis: Very optimistic about EU deal negotiations FX Street 2 years NZD/USD pair is rising for the fourth straight day on Wednesday. New Zealand revisions on GDP and unemployment helped NZD gather strength. Focus shifts to FOMC meeting, second-quarter GDP data from New Zealand. The NZD/USD pair gained traction during the Asian session on Wednesday and continued to push higher after closing the previous three trading days in the positive territory. As of writing, the pair was trading at its highest level since September 3rd at 0.6748, gaining 0.42% on a daily basis. Earlier in the day, New Zealand's pre-election economic and fiscal report showed that the unemployment rate was expected… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.