The New Zealand Dollar (NZD) edges higher on Wednesday as the USD Index (DXY) extended its decline to near yearly lows.
The New Zealand Dollar extends its upside in Wednesday’s early Asian session. The softer US Dollar and positive risk sentiment support NZD/USD. Investors will focus on the first reading of US August S&P Global PMI on Wednesday. The New Zealand Dollar edges higher on Wednesday as the USD Index extended its decline to near yearly lows.
6130 psychological mark acts as an initial support level for the pair. The next contention level is located near the resistance-turned-support level at 0.6070. Sustained trading below this level could lead to a drop towards 0.5974, the low of August 15. New Zealand Dollar FAQs What key factors drive the New Zealand Dollar? The New Zealand Dollar , also known as the Kiwi, is a well-known traded currency among investors.
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