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Soft US data lifts NZD/USD, key 0.7700/15 resistance in play

Source: Thomson Reuters NZD/USD buoyed by recent string of soft US data, bond yields heavy also aids lift Pair working through daily highs from March, break of key 0.7700/15 zone solidifies recent rally RSIs across many …

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Soft US data lifts NZD/USD, key 0.7700/15 resistance in play
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Source: Thomson Reuters


  • NZD/USD buoyed by recent string of soft US data, bond yields heavy also aids lift

  • Pair working through daily highs from March, break of key 0.7700/15 zone solidifies recent rally

  • RSIs across many time frames biased up & won't impede more gains

  • A 0.7715 break opens the door to 0.7890/0.7910 zone initially, could test Oct high as well 

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