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FXStreet (Guatemala) - NZD/USD is currently trading at 0.7591 with a high of 0.76004 and a low of 0.788.
NZD/USD is consolidating the upside and the minor recovery from within the 0.75 handle when the supply came in on yesterday's business from 0.7738. The US dollar has performed poorly at the end of the week and overnight gave us poor data from the calendar for the US while commodities did better towards the end of the week, supporting the commodity currencies also.
NZD/USD had otherwise been offered on the back the RBNZ’s Deputy Governor comments yesterday that sent the bird plunging to a low of 0.7586 and on to 0.7536 before recovering. Analysts at UOB Group now say that the break of 0.7600 indicates that the bullish phase has ended (revised target at 0.7780 is not met and they expect broad range trading for the next 1 to 2 weeks, likely between 0.7500 and 0.7740.
