NZDUSD Finds Support Around 0.6000, Trends Remain Up
The New Zealand Dollar faced downward pressure amid a stronger US Dollar on Tuesday. However, attempts to decline below the 0.5990-0.6000 area have been contained. This tight support layer supports the broader upward trend of the Kiwi. This follow-up comes after reaching year-to-date highs at 0.6050, spurred by optimistic US job openings data. Analysts suggest that this trend may continue unless significant shifts in economic data arise.