- 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%.
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) |