FxWirePro: NZD/USD hits fresh multi-week highs at 0.6472, strong Asian equities support
NZD/USD sees a small gap up open in Asia at 0.6430, rises higher to hit fresh multi-week highs at 0.6472 Kiwi bulls remain in charge, the pair extends gains for the fifth straight session on Monday, supported by strong A…
NZD/USD sees a small gap up open in Asia at 0.6430, rises higher to hit fresh multi-week highs at 0.6472
Kiwi bulls remain in charge, the pair extends gains for the fifth straight session on Monday, supported by strong Asian equities
Asian stock markets kick-started the week on a firmer tone, taking positive cues from the strong Wall Street gains after disappointing US payrolls data
Greenback also remained pressurised after poor non-farm payrolls on Friday diminished chances of the Fed rate hike this year
NZD/USD is currently trading at 0.6465 with key resistance zone around 0.6480-0.6490 region, breaks above could see the pair beyond 0.65 barrier
Next hurdle for the pair is located at 0.6481 (Aug 31 High) and further above at 0.6488 (55 EMA)
To the downside immediate support might be seen at 0.6430 (50-DMA) below that 0.6407 (Aug 26 Low)
