NZD/USD can’t seem to bust through last week’s highs!
Is it because a previous support zone is not holding as resistance?
As mentioned in last week’s FX Weekly Recap, the New Zealand dollar benefited from an anti-USD and generally risk-friendly trading environment. The U.S. dollar, on the other hand, had a hard time recovering from worse-than-expected sentiment reports from the services sector.
NZD/USD extended its first-week-of-April upswing, continuing from the .6000 psychological handle all the way to the .6050 area that marked last week’s highs.
