The New Zealand Dollar rises on positive risk appetite. Risky assets rise on hopes of central banks cutting interest rates. The RBNZ has not committed to cutting rates, however, as inflation remains high despite slow growth. The New Zealand Dollar is trading higher in its most traded pairs on Tuesday as markets adopt a positive risk tone, benefiting commodity currencies like the New Zealand Dollar over safe havens.
If so, NZD/USD could be unfolding in the final wave C of the pattern, which could stretch to a long-term target at 0.5864, where wave C is equal to wave A. Only a break above the 0.6107 March 21 high would bring into doubt the bearish bias. 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.
Source: Digital Coin News (digitalcoinnews.net)
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