The NZD continues to depreciate, but it was mostly a USD move, according to analysts at ANZ Research. The NZD/USD pair is trading at 0.5601. Key quotes “NZD/USD has continued its journey south, but it is abundantly clear that this is a USD story, with the USD DXY rallying sharply to a 3 year high as the ‘risk off’ tone bites, and NZD/AUD breaking parity.” “The pair will likely remain under pressure, COVID-19 is a global shock of an unprecedented magnitude in peacetime, and NZ depends on global trade and tourism. Being a food exporter should limit downside.” “Support 0.5700 Resistance 0.5970” 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 Futures: The downtrend loses momentum FX Street 2 years The NZD continues to depreciate, but it was mostly a USD move, according to analysts at ANZ Research. The NZD/USD pair is trading at 0.5601. Key quotes “NZD/USD has continued its journey south, but it is abundantly clear that this is a USD story, with the USD DXY rallying sharply to a 3 year high as the ‘risk off’ tone bites, and NZD/AUD breaking parity.” “The pair will likely remain under pressure, COVID-19 is a global shock of an unprecedented magnitude in peacetime, and NZ depends on global trade and tourism. Being a food exporter should limit downside.” “Support 0.5700… 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.
