NZD/USD started the new week on a firm footing. US Dollar Index fluctuates in a tight range above 90.00. Wall Street’s main indexes look to open in the positive territory. The NZD/USD pair gained traction during the Asian trading hours on Monday and advanced to a daily top of 0.7218 before going into a consolidation phase. As of writing, the pair was up 0.42% on the day at 0.7214. DXY pares early losses ahead of mid-tier data The broad-based selling pressure surrounding the greenback at the start of the week fueled the pair’s climb. However, a negative shift witnessed in market sentiment after the IFO data from Germany showed a deterioration in business sentiment helped the greenback find demand and limited NZD/USD’s upside. Ahead of the Chicago Fed National Activity Index and the Dallas Fed Manufacturing Business Index data from the US, the US Dollar Index (DXY) is posting small daily gains at 90.26. In the meantime, the S&P 500 Futures are up 0.3% on the day, suggesting that risk flows could retake control of financial markets in the second half of the day and hurt the safe-haven USD. On Tuesday, the Reserve Bank of New Zealand (RBNZ) will release the Credit Card Spending data for December. The Business NZ Performance of Services Index (PSI) will be looked upon for fresh impetus as well. 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 GBP/USD Price Analysis: Bears flirt with 100-hour SMA, around 1.3675 region FX Street 1 year NZD/USD started the new week on a firm footing. US Dollar Index fluctuates in a tight range above 90.00. Wall Street's main indexes look to open in the positive territory. The NZD/USD pair gained traction during the Asian trading hours on Monday and advanced to a daily top of 0.7218 before going into a consolidation phase. As of writing, the pair was up 0.42% on the day at 0.7214. DXY pares early losses ahead of mid-tier data The broad-based selling pressure surrounding the greenback at the start of the week fueled the pair's climb. However, a negative shift witnessed in… 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.
