NZDUSD Surges Above 0.5650 as Traders Anticipate US ISM Services PMI
NZDUSD continues its upward momentum, trading around 0.5670 during early Tuesday hours. Traders are particularly focused on the upcoming US ISM Services Purchasing Managers Index (PMI) release later today in North America. The PMI is expected to provide insights into the health of the services sector, which is vital for assessing overall economic performance. Market fluctuations around this data release will likely determine the currency pair’s short-term trajectory. Observing key support and resistance levels will help traders navigate potential breakouts or corrections. It remains crucial for traders to stay informed about economic indicators that can influence market sentiment. With expectations running high, risk management and analytical strategies are essential for success in this environment.