- Kiwi among top performers on Friday on risk appetite.
- NZD/USD trims weekly losses, holds above the weekly 20-SMA.
The NZD/USD rose further after the beginning of the American session and reached at 0.7251, a fresh two-day high. The pair remains supported by risk appetite and a weaker US Dollar on Friday.
US data fails to lift the greenback
The US dollar is falling across the board. The DXY drops 0.40% and trades below 90.40. Lower US yields weighed on the greenback. The 10-year yield bottomed at 1.62% before rebounding modestly to 1.64%.
Economic data in the US surprised to the downside. Retail sales stagnated in April while Consumer Confidence dropped in May unexpectedly, according to preliminary data from the University of Michigan. Following the numbers, the dollar dropped further, except versus the yen.
The Dow Jones is up by 0.83% and the Nasdaq soars 1.83%. The risk appetite is boosting the kiwi that is among the top performers on Friday.
On a weekly basis, NZD/USD is still in negative, but back above the 20 simple moving average and far from the low and closer to the weekly top. The 0.7300 area is the barrier to break for the pair to open the doors to more gains.
|Today last price||0.7239|
|Today Daily Change||0.0070|
|Today Daily Change %||0.98|
|Today daily open||0.7169|
|Previous Daily High||0.7195|
|Previous Daily Low||0.7134|
|Previous Weekly High||0.7301|
|Previous Weekly Low||0.7115|
|Previous Monthly High||0.7287|
|Previous Monthly Low||0.6945|
|Daily Fibonacci 38.2%||0.7172|
|Daily Fibonacci 61.8%||0.7157|
|Daily Pivot Point S1||0.7137|
|Daily Pivot Point S2||0.7105|
|Daily Pivot Point S3||0.7076|
|Daily Pivot Point R1||0.7198|
|Daily Pivot Point R2||0.7227|
|Daily Pivot Point R3||0.7259|
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