The Kiwi is holding up well even as the USD strengthens. Technical signals are mixed and analysts at ANZ Bank expect more range-trading.
“NZD/USD has held reasonably steady overnight despite broad USD strength, with the latter somewhat surprising given the surge in jobless claims data.”
“Continued range trading seems likely as we head into the weekend. The break of the uptrend channel on Wednesday hasn’t had momentum lower, leaving us neutral.”
“Support 0.5830 Resistance 0.6100”
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.