ہم صرف ایک بروکر نہیں ہیں۔ ہم ایک جامع ٹریڈنگ ایکوسسٹم ہیں—ہر چیز جو آپ کو تجزیے، ٹریڈ اور ترقی کے لیے درکار ہو، ایک ہی جگہ پر ہے۔ کیا آپ اپنی ٹریڈنگ کو بلند کرنے کے لیے تیار ہیں؟
FXStreet (Mumbai) - NZD/USD remains in red in the European trading, steadying around mid-point on 0.76 handle, as persistent broad USD strength coupled with Aussie sell-off continues to weigh on the kiwi.
NZD/USD recovers partial losses
Currently, the NZD/USD pair trades -0.13% lower at 0.7652, hovering near session highs at 0.7661. NZD/USD keeps losses mainly as the US dollar extends its upward trajectory across the board backed by upbeat US economic data.
Also, the traders moved past China rate cut led rally and concerns over NZ softer inflation numbers resurfaced, which continues to weigh on the Kiwi. Moreover, NZD/USD came under additional pressure mirroring losses in AUD/USD after RBA Stevens said in his speech yesterday that the RBA is standing ready to cut rates further if necessary.
Meanwhile, in the data-light day ahead, the US dollar will remain the major driver for the Kiwi pair.
NZD/USD Levels to consider
To the upside, the next resistance is located at 0.7661 (Today’s High) levels and above which it could extend gains to 0.7700 levels. To the downside immediate support might be located at 0.7635 (Today’s Low) levels below that at 0.7600 levels.