- The NZD / USD started the new week with a bearish gap.
- The NZD / USD rose to positive territory ahead of the US session.
- The US Dollar Index is declining towards 90.00 after having risen previously.
The pair NZD / USD It opened below Friday’s closing level and touched a daily low of 0.7190 before initiating a recovery during the European session. At time of writing, the pair was up 0.15% on the day at 0.7220.
USD struggles to preserve bullish momentum
US Treasury Secretary Janet Yellen told Bloomberg News over the weekend that a rise in inflation and interest rates would be a sign of positive development for the US economy. These comments helped the USD gain traction against its rivals at the beginning of the week and the US Dollar Index (DXY) hit a daily high of 90.30 before losing its traction. At the moment, the DXY is posting small daily losses at 90.08, allowing the NZD / USD to remain in positive territory.
Hours earlier, data from China showed May exports rose less than expected and the trade surplus expanded to $ 45.53 billion, disappointing market expectations of $ 50.5 billion. However, this report had little or no impact on the kiwi market valuation.
No high-level macro data from the US will be released for the remainder of the day and NZD / USD is unlikely to make a decisive move in either direction.
Technical levels
NZD / USD
Panorama | |
---|---|
Today’s Last Price | 0.7231 |
Today’s Daily Change | 0.0017 |
Today’s Daily Change% | 0.24 |
Today’s Daily Opening | 0.7214 |
Trends | |
---|---|
SMA of 20 Daily | 0.7227 |
SMA of 50 Daily | 0.7168 |
SMA of 100 Daily | 0.7181 |
200 SMA Daily | 0.7019 |
Levels | |
---|---|
Daily Previous Maximum | 0.7217 |
Daily Previous Minimum | 0.7132 |
Weekly Preview Maximum | 0.7289 |
Weekly Prior Minimum | 0.7126 |
Monthly Previous Maximum | 0.7317 |
Minimum Previous Monthly | 0.7115 |
Daily Fibonacci 38.2% | 0.7185 |
Daily Fibonacci 61.8% | 0.7164 |
Daily Pivot Point S1 | 0.7158 |
Daily Pivot Point S2 | 0.7102 |
Daily Pivot Point S3 | 0.7073 |
Daily Pivot Point R1 | 0.7243 |
Daily Pivot Point R2 | 0.7273 |
Daily Pivot Point R3 | 0.7328 |
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