Investing.com - The New Zealand Dollar was lower against the U.S. Dollar on Monday after the release of N.Z. data on Retail Sales.
NZD/USD was trading at 0.7584, down 0.27% at time of writing.
The pair was likely to find support at 0.7554, Friday’s low, and resistance at 0.7756, Wednesday’s high.
Earlier in the day, official data showed that retail sales in New Zealand fell more-than-expected to a seasonally adjusted -1.10% last month, from 1.20% in the preceding month whose figure was revised down from 1.50%.
Analysts had expected retail sales to fall -0.30% last month.
Meanwhile, the New Zealand Dollar was down against the Australian Dollar and the Euro, with AUD/NZD gaining 0.54% to hit 1.3250 and EUR/NZD rising 0.20% to hit 1.7852.
NZD/USD was trading at 0.7584, down 0.27% at time of writing.
The pair was likely to find support at 0.7554, Friday’s low, and resistance at 0.7756, Wednesday’s high.
Earlier in the day, official data showed that retail sales in New Zealand fell more-than-expected to a seasonally adjusted -1.10% last month, from 1.20% in the preceding month whose figure was revised down from 1.50%.
Analysts had expected retail sales to fall -0.30% last month.
Meanwhile, the New Zealand Dollar was down against the Australian Dollar and the Euro, with AUD/NZD gaining 0.54% to hit 1.3250 and EUR/NZD rising 0.20% to hit 1.7852.