Forex

NZD/USD Loses Early Momentum, Stays Stable

NZD_USD Loses Early Momentum, Stays Stable

After punching the punch above its weight in the European session, and touching to a daily high of 0.6680 in the early hours, the NZD/USD slipped later on in the trading day and remained at 0.6660 on Wednesday.

Prior to the announcement of FOMC’s monetary policy, the US dollar index plunged to 93.55. a 0.2 per cent loss compared to the previous day. In the preview meeting of the FOMC, the team of Barclays Research said they expected a little new information from the assembly of a meeting in July.

In the starting session on Thursday of Asia, ANZ is all set to an Outlook data (Business Confidence and Activity) for New Zealand. In a report published recently, analysts of ANZ pinned 0.6450 as the key support while 0.6755 as a level of resistance.

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