NZD/USD continues to trade in tight range below 0.7300 : vim

NZD/USD continues to trade in tight range below 0.7300


May 11, 2021 15:06 GMTFXStreet News
NZD/USD is struggling to make a decisive move in either direction.
US Dollar Index stays in the negative territory a little above 90.00.
Wall Street’s main indexes look to open sharply lower.
After testing 0.7300 on Monday, the NZD/USD pair lost its traction and closed in the negative territory. On Tuesday, the pair seems to be having a difficult time making a decisive move in either direction and was last seen posting small daily losses at 0.7270.
Eyes on Wall Street
During the Asian trading hours, the data from New Zealand showed that Electronic Card Retail Sales rose by 4% in April following March’s increase of 0.8%. This reading, however, failed to provide a boost to the NZD. Meanwhile, the Consumer Price Index (CPI) in China declined by 0.3% in April.

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