Investing.com - The New Zealand Dollar was lower against the U.S. Dollar on Thursday after the release of U.S. data on GDP.
NZD/USD was trading at 0.7664, down 1.34% at time of writing.
The pair was likely to find support at 0.7638, Monday’s low, and resistance at 0.7958, Tuesday’s high.
Earlier in the day, official data showed that Gross domestic product in the U.S. rose more-than-expected to a seasonally adjusted annual rate of 1.3% in the last quarter from 1.0% in the preceding quarter.
Analysts had expected U.S. gross domestic product to rise 1.2% in the last quarter.
Meanwhile, the New Zealand Dollar was down against the Australian Dollar and the Euro, with AUD/NZD gaining 0.83% to hit 1.2696 and EUR/NZD rising 1.55% to hit 1.7705.
NZD/USD was trading at 0.7664, down 1.34% at time of writing.
The pair was likely to find support at 0.7638, Monday’s low, and resistance at 0.7958, Tuesday’s high.
Earlier in the day, official data showed that Gross domestic product in the U.S. rose more-than-expected to a seasonally adjusted annual rate of 1.3% in the last quarter from 1.0% in the preceding quarter.
Analysts had expected U.S. gross domestic product to rise 1.2% in the last quarter.
Meanwhile, the New Zealand Dollar was down against the Australian Dollar and the Euro, with AUD/NZD gaining 0.83% to hit 1.2696 and EUR/NZD rising 1.55% to hit 1.7705.