- NZD / USD recovers after Monday’s slide, approaching December highs.
- Dollar weakness and stock market rise among the main bullish factors.
The NZD / USD closed the first day of the week slightly lower, but gained traction on Tuesday and has just risen to 0.7142, reaching the highest level in a week. The price is located in the zone of the highs of the day with the strong bullish moment and beginning to point to the peak of December.
DXY retraces below 90.00
In the absence of relevant economic data and without any news of impact, what happens on Wall Street and with the dollar may be key for the next trips of the NZD / USD. The low volume and the limited week of operations suggest that the price movements should be moderate.
Reflecting market optimism, US stock index futures rose 0.4% to 0.5% on Tuesday, suggesting that major stock indices Wall Street Still On Track To Hit New All-Time Highs. Meanwhile, the US Dollar Index (DXY) is losing 0.40% and is below 90.00.
Technical levels
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