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NZD/USD is still at a defensive level below 0,5950

Dollar New Zealand / Dollar AS (FX:NZDUSD)  
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FX:NZDUSD   Dollar New Zealand / Dollar AS
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During the first trading hours in Asia on Thursday, the NZD/USD pair is still struggling to stay below 0.5900. The US dollar (USD) has gained strength, and the higher interest rates of treasury bonds are providing some support for NZD/USD. Currently, this currency pair is trading at around 0.5928, showing a slight increase of 0.09% for the day.

Conversely, optimistic data from the United States has had a significant impact on strengthening the greenback and acting as a resistance for the NZD/USD pair.

Market participants will closely monitor Federal Reserve Chairman Jerome Powell's speech this week. Officials' less hawkish tone may limit USD's price increase compared to its competitors.
Komentar:
good luck everyone

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