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  • The Kiwi is lifting back away from the week’s low of 0.6543, a major technical bottom for the pair, as market sentiment attempts to improve for Friday’s major market sessions.
  • The NZD/USD marked in a 30-month low this week as the US Dollar makes gain across the broader FX market.
  • The New Zealand PPI figures clocked in better than expected for Friday, coming in at 1.0% versus the previous period’s 0.6%.

NZD/USD Chart, 1-Hour

Spot rate:   0.6599
Relative change:   0.22%
High:   0.6601
Low:   0.6574
Trend:   Sideways to bullish
Support 1:   0.6574 (current day low)
Support 2:   0.6543 (current week low)
Support 3:   0.6500 (major technical level)
Resistance 1: 0.6607 (current week high)
Resistance 2:   0.6678 (61.8% Fibo retracement level)
Resistance 3:   0.6762 (previous week high)