New Zealand Dollar Analysis: NZD/USD Energy Builds After Positive Economic Data
With the US Dollar Index falling by about 2.4% in November, the prices of the dollar against major currencies went down across the board.
Kiwi rallied 3% off the yearly lows before responding to confluence resistance today near the May highs. Here are the levels that matter on the NZD/USD charts.
The New Zealand Dollar got a lift despite the Reserve Bank of New Zealand leaving interest rates alone. The market was clearly expecting a more