05 / 06 / 2019


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NZD/USD: The New Zealand dollar advanced to a 1-month high after Reserve Bank of New Zealand Assistant Governor Christian Hawkes stated that the RBNZ’s central view is that interest rates would remain broadly around current levels in the short term. The Kiwi trades 0.4 percent higher at 0.6632, having touched a high of 0.6636 earlier, its highest level May 3.

Investors’ will continue to track broad-based market sentiment, ahead of U.S. economic data. Immediate resistance is located at 0.6653 (May 3 High), a break above could take it near 0.6685 (Apr. 30 High). On the downside, support is seen at 0.6550 (May 15 Low), a break below could drag it below 0.6474 (Oct. 4 Low).