Investing.com - The New Zealand Dollar was higher against the U.S. Dollar on Wednesday after the release of N.Z. data on GDP.
NZD/USD was trading at 0.8002, up 0.50% at time of writing.
The pair was likely to find support at 0.7814, Friday’s low, and resistance at 0.8008, today’s high.
Earlier in the day, official data showed that New Zealand’s gross domestic product rose more-than-expected to a seasonally adjusted 1.1% in the last quarter from 0.3% in the preceding quarter.
Analysts had expected New Zealand’s GDP to rise 0.5% in the last quarter.
Meanwhile, the New Zealand Dollar was up against the Australian Dollar and the Euro, with AUD/NZD shedding 0.52% to hit 1.2732 and EUR/NZD falling 0.66% to hit 1.5855.
NZD/USD was trading at 0.8002, up 0.50% at time of writing.
The pair was likely to find support at 0.7814, Friday’s low, and resistance at 0.8008, today’s high.
Earlier in the day, official data showed that New Zealand’s gross domestic product rose more-than-expected to a seasonally adjusted 1.1% in the last quarter from 0.3% in the preceding quarter.
Analysts had expected New Zealand’s GDP to rise 0.5% in the last quarter.
Meanwhile, the New Zealand Dollar was up against the Australian Dollar and the Euro, with AUD/NZD shedding 0.52% to hit 1.2732 and EUR/NZD falling 0.66% to hit 1.5855.