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Forex

NZD/USD Remains Supported Near Multi-Month Peak

Guavy AI Editorial Team
Instruments
USD NZD
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The New Zealand Dollar (NZD) continues to trade near its strongest level since June, hovering around 0.5975 in Asia.

This level is just below the peak reached on Friday and is being supported by ongoing US Dollar weakness.

However, domestic Retail Sales figures showed a softer-than-expected performance, which may put some pressure on the NZD.

The technical picture remains constructive, with the pair trading above the 200-period Simple Moving Average (SMA) at 0.5845 and maintaining a positive short-term bias.

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