NZDUSD reached its three-week high after New Zealand data


The New Zealand dollar reached its three-week high against its U.S. fellow today, forced by positive New Zealand data. Besides, expectations that a fiscal crisis could be deviated in America were holding market concerns.

During the European morning trade, the currency pair reached 0.8256, which is a top from November 7. Later on, NZDUSD stayed stable at 0.8248.

NZDUSD is supposed to find support at 0.8195, which is bottom from Wednesday, and resistance at 0.8292 – a peak from November 6.

The National Bank of New Zealand claimed that its business confidence index increaseded to 26.4 in November, compared to 17.2 from the previous month.

The kiwi was above against the Australian dollar with AUDNZD trading at 1.2679.

Besides, today’s official data showed that private capital expenditure in Australia rose by 2.8% in the third quarter, which was more than the expected 2% rise, following a 3.4% increase in the previous quarter.

Later today, the America is expected to publish preliminary data on third quarter growth as well as the weekly government report on jobless claims.


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