The NZD/USD pair is slightly up by 0.08% at 0.6160 in Wednesday’s early American session.
NZD/USD generates moderate gains as the US Dollar drops despite easing Fed rate cut expectations for June. The RBNZ has projected that inflation will rise by 0.8% in the first quarter of this year. Investors await the US Retail Sales data for fresh guidance. The Kiwi asset is broadly sideways as investors shift focus to the United States Retail Sales data for February, which will be published on Thursday.
00 range, which indicates a sharp volatility contraction. Going forward, a downside move below February 13 low near 0.6050 would expose the asset to the psychological support of 0.6000, followed by November 9 high at 0.5956. On the flip side, an upside move would emerge if the asset will break above the round-level resistance of 0.6200, which will drive the asset towards February 22 high at 0.6220, followed by January 11 high at 0.6260.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
NZD/USD IG Client Sentiment: Our data shows traders are now net-short NZD/USD for the first time since Feb 27, 2024 18:00 GMT when NZD/USD traded near 0.62.Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger NZD/USD-bullish contrarian trading bias.
Read more »
EUR/USD Price Analysis: Retreats from the weekly high to near 1.0770EUR/USD retreats from the weekly high of 1.0789, which was recorded on Monday, snapping a four-day winning streak.
Read more »
Bitcoin Explodes 11% Weekly but the Chances of a Correction Increase: BTC Price AnalysisCrypto Blog
Read more »
Analysis Firm Reverses Negative Bitcoin Price Prediction Following Spot ETF ApprovalWhile many experts forecast a promising future for Bitcoin in 2024, the focus is also shifting to low-cap coins, the most prominent of which is Bitcoin Minetrix
Read more »
BTC, ETH, XRP, ADA, BNB, DOGE and MATIC Price Analysis for July 3Can cryptocurrency market keep staying bullish for long?
Read more »
Crypto Price Analysis Mar-8: ETH, XRP, ADA, SOL, and BNBCrypto Blog
Read more »