The NZD/USD best up a bid afterwards Statistics New Zealand appear a acceleration in agenda spending figures.
The cyberbanking agenda retail sales rose 4.2 percent year-on-year in May, compared to an upwardly revised April amount of 1.4 percent. Meanwhile, the retail sales rose 0.4 percent on the month, compared to a 2.2 percent bead apparent in April.
The cyberbanking cards spending abstracts covers about 68 percent of amount retail sales in New Zealand, and is the capital admeasurement of account retail activity, according to Reuters.
Also, the optimism bouncing about the celebrated Trump-Kim Summit could accept added the bid accent about the Kiwi dollar.
As of writing, the brace is trading at 0.7030, accepting begin bids at 0.6998 beforehand today. However, alone a circadian abutting aloft 0.7060 (June 6 high) would arresting a resumption of the assemblage from 0.6851 (May 16 low).
NZD/USD Technical Levels
Resistance: 0.7060 (May 16 low), 0.7123 (50% Fib R of Apr-May drop), 0.7153 (March 21 low).
Support: 0.70 (psychological level), 0.6960 (June 1 low), 0.6882 (May 30 low).
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