During Thursday session the New Zealand dollar registered gains versus its US counterpart after the release of positive data, regarding Building Consents in New Zealand. US dollar was still in ongoing struggle for positions against its major peers, expressing its weakness against the Japanese yen primarily.
Through the course of late Asian trade, NZD/USD reached 0.8128, highest value for current session, after which pair consolidation followed at 0.8110-0.8114. Support was likely at Wednesday low, 0.8054, while resistance was expected at 0.8163, Wednesday highest.
Official report came out earlier today and said Building Consents in New Zealand rose by 18.5% during April, significantly above expectations for a 7.7% increase, while previous month revised data showed a decrease by 8.3%.
Investors started to focus on the upcoming economic data from United States, regarding Initial Jobless Claims, Pending Home Sales and revised Gross Domestic Product (GDP), as speculations were given a boost, whether FED was moving closer to reducing scale of its easing program.
Meanwhile, AUD/NZD pair added 0.21%, reaching 1.1924.
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