NZD/USD bulls in the market and eye firmer test of 0.6200 NZDUSD Fed RBNZ Currencies DollarIndex
NZD/USD bears are lurking near a 61.8% Fibonacci. rallied on Tuesday and reached up to test 0.62 the figure before meeting strong opposition from the bear in the later part of the day on Wall Street. At the time of writing, NZD/USD is trading at 0.6180, slightly off the 0.6207 highs but well up from the lows of the day down at 0.6132.
''The jobs market doesn’t seem to be cooling. The 3-way tussle we spoke of yesterday is also at front of mind, and that’s suggestive ofAs for the US Dollar, despite some cooler data over the last couple of key releases, it remains bid with the US rate futures that have priced in a peak fed funds rate of 5.4% hitting in September supporting the bid. The market has all but priced out rate cuts this year.
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