New Zealand published a report on spending on credit cards today, which did not meet the market expectations. Now NZD/USD is trading at the level of 0.7228, while a break below the key support zone 0.7200 can trigger a downward correction. Tomorrow we‘ll get the results of the auction for dairy product from New Zealand, as well as a report on consumer price inflation. Do not miss out, this information can be very important for NZD in the short term.
The yen also becomes cheaper against the strengthening of the dollar before Yellen's speech in Congress. From a technical point of view, the pair tests the local resistance in the area of 114.37, formed by the May maximum. Further - 115.00, while the pair has a real chance to overcome this area during the next sessions.
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