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March 04, 2023Yesterday at a glance: having ended a bullish session yesterday at 0.6223, momentum helped NZD/USD finish the day 1 pips or 0.03% higher, although mixed sentiments ensured the Kiwi etched out a distinct 0.6196 to 0.6243 session range.
At the same time, United States ISM Non-Manufacturing PMI (Feb) released yesterday at 15:00 UTC with a figure of 55.1, while the previous figure was 55.2. United States CFTC Crude Oil speculative net positions released yesterday at 20:30 UTC with a figure of 224,200, while the previous figure was 243,800. Fresh CFTC Gold speculative net positions data from United States came out at 128,800.
Other currencies are also rising as GBP/NZD is trading around 1.9353 after ending yesterday's session at 1.92 (up 0.8% today). Notably, GBP/USD rose 0.84% yesterday and closed at 1.1943. GBP/CAD went up by 0.84% yesterday, and closed at 1.6375.
The currency pair has been trending lower for about 30 days. Having established significant support at 0.5566 approximately 4 months ago, the Kiwi's share price has bounced 11.77% higher.
