NZD/USD remains around 0.60. Even though it has broken through the top of the recent month, it has not been able to expand significantly, and the risk of adjustment has increased. The current resistance is 0.6050, and the largest resistance is 0.6150 to 0.62; the mid-line target will refer to the high of 0.6378 in September last year. The supporting levels are expected to be at the 25-day moving average of 0.5950 and 0.5820, with largest support expected to be at 0.5750 and 0.5690 levels.

Forecast range:
Resistance 0.6060 – 0.6150 – 0.6200 – 0.6378
Support 0.5950 – 0.5820 - 0.5750 – 0.5690

Focus:
Thursday:
New Zealand Q1 GDP (06:45)

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