NZD/USD jumps to 0.6460 highs with the US dollar retreating across the board. The improved market sentiment and end-of-quarter flows have pushed the USD. The kiwi remains vulnerable while below 0.6480 – UOB The New Zealand dollar has accelerated its rebound from one-week lows at 0.6385 to hit session highs at 0.6460 on the North American afternoon session. The dollar is losing ground across the board amid a moderate improvement on the market mood and portfolio rebalancing moves at the end of the quarter. Kiwi gains on US dollar’s weakness The NZD/USD has turned positive after a weak day-opening. The moderate improvement on market sentiment, with US equities hitting day highs amid the strong quarterly performance of Wall Street, has weighed on the safe-haven US dollar, boosting demand for riskier currencies like the New Zealand dollar. On the macroeconomic front, the greenback has failed to find support from the upbeat US consumer confidence, which has risen to 98.1 in June, beating expectations of a 91 reading, from the 85.9 posted in May. Quarter-end moves seem to be punishing the USD, as reflected in the Dollar Index, which has turned negative on daily charts after having opened the day on a solid footing. NZD/USD: Important resistance at 0.6480 – UOB Despite the current appreciation, the FX strategists at UOB remain negative on the pair, while below 0.6480, “There is not much to add to our latest narrative from last Thursday (25 Jun. spot at 0.6420). As highlighted, if NZD closes below 0.6380, it could weaken further to 0.6320. The prospect for such a move has ticked up but is still not high. Overall, only a break of 0.6480 (‘strong resistance’ level previously at 0.6510) would indicate the downside risk has dissipated.” NZD/USD key levels to watch 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 USD/RUB: Russian ruble likely to remain under pressure for now – TDS FX Street 2 years NZD/USD jumps to 0.6460 highs with the US dollar retreating across the board. The improved market sentiment and end-of-quarter flows have pushed the USD. The kiwi remains vulnerable while below 0.6480 – UOB The New Zealand dollar has accelerated its rebound from one-week lows at 0.6385 to hit session highs at 0.6460 on the North American afternoon session. The dollar is losing ground across the board amid a moderate improvement on the market mood and portfolio rebalancing moves at the end of the quarter. Kiwi gains on US dollar’s weakness The NZD/USD has turned positive after a weak day-opening.… 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.