FXstreet.com (San Francisco) - The New Zealand dollar rallied to a fresh 4-month high against its U.S. counterpart this Monday in North America, extending as high as 0.8221 from an earlier intraday low of 0.8161.
If the bull pressure continues, selling interest may be found at 08240 (29 April peak), then at the 61.8% retracement level of the 0.8841/0.7371 down swing may limit rallies (0.8278).
In a few hours, at 22:45 GMT, Statistics New Zealand will report its Labour Cost index figures for Q2, expected to reflect a 0.5% positive change in salary and wage rates. NZD/USD last trades at 0.8210.
If the bull pressure continues, selling interest may be found at 08240 (29 April peak), then at the 61.8% retracement level of the 0.8841/0.7371 down swing may limit rallies (0.8278).
In a few hours, at 22:45 GMT, Statistics New Zealand will report its Labour Cost index figures for Q2, expected to reflect a 0.5% positive change in salary and wage rates. NZD/USD last trades at 0.8210.
