NZD/USD climbed to fresh multi-week highs on Tuesday. US Dollar Index stays relatively quiet around 91.00. Wall Street’s main indexes look to open lower. After closing the first day of the week in the positive territory, the NZD/USD pair preserved its bullish momentum and touched its highest level in more than a month at 0.7230. With the market mood turning sour during the European trading hours, however, the pair lost its traction and retreated to 0.7200, where it was still up 0.28% on the day. USD selloff pauses ahead of American session The broad-based selling pressure surrounding the greenback fueled NZD/USD’s rally. Earlier in the day, the US Dollar Index slumped to its lowest level since early March at 90.85 as US Treasury bond yields continued to have a difficult time staging a convincing rebound. However, the risk-averse market environment, as reflected by the poor performance of major European equity indexes and the US stocks futures, allowed the USD started to find demand and show resilience against its rivals. At the moment, the DXY is virtually unchanged on a daily basis at 91.08. In the meantime, the S&P 500 Futures are down 0.5%, suggesting that the buck gather additional strength in the second half of the day with safe-haven flows dominating the financial markets. There won’t be any macroeconomic data releases featured in the US economic docket. On Wednesday, first-quarter Consumer Price Index (CPI) data from New Zealand will be looked upon for fresh impetus. 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 EUR/JPY Price Analysis: Room for extra gains above 131.00 FX Street 2 years NZD/USD climbed to fresh multi-week highs on Tuesday. US Dollar Index stays relatively quiet around 91.00. Wall Street's main indexes look to open lower. After closing the first day of the week in the positive territory, the NZD/USD pair preserved its bullish momentum and touched its highest level in more than a month at 0.7230. With the market mood turning sour during the European trading hours, however, the pair lost its traction and retreated to 0.7200, where it was still up 0.28% on the day. USD selloff pauses ahead of American session The broad-based selling pressure surrounding the greenback… 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.