0.568
Today
-0.38%
5 Days
+1.55%
1 Month
-0.61%
6 Months
-3.62%
Year to Date
-1.37%
1 Year
-1.12%
Opening Price
0.569Previous Closing Price
0.570
The downside prevails as long as 0.5696 is resistance, with 0.5663 and 0.5654 as targets
above 0.5696, look for 0.5710 and 0.5718.
The downside prevails as long as 0.5696 is resistance, with 0.5663 and 0.5654 as targets
Brown Brothers Harriman’s (BBH) Elias Haddad notes that NZD/USD’s recovery stalled after reaching a one-month high, as New Zealand Q3 Consumer Price Index (CPI) came in below expectations while underlying inflation remains persistent.
• Softer New Zealand inflation data reduced aggressive RBNZ rate tightening expectations. • A firmer US dollar compounded downside pressure amid global risk aversion. • Technical indicators show mixed signals with RSI and MACD remaining neutral.
The New Zealand Dollar (NZD) trades lower against its major currency peers on Thursday. The antipodean is down 0.25% to near 0.5679 against the US Dollar (USD) in the European session.
NZD/USD halts its five-day winning streak, trading around 0.5700 during European hours on Thursday. The pair has experienced a decline as the New Zealand Dollar (NZD) faces pressure from softer-than-expected inflation data.
The NZD/USD pair steadies near 0.5705 during the early Asian trading hours on Thursday. The New Zealand Dollar (NZD) pares gains against the US Dollar (USD) following softer-than-expected Consumer Price Index (CPI) inflation data. The weekly US Initial Jobless Claims report is due later on Thursday.
New Zealand's third-quarter Consumer Price Index (CPI) came in a tenth under forecast on both the quarterly and the annual measure, and it took the Kiwi off its four-week high.
The Indicators feature provides value and direction analysis for various instruments under a selection of technical indicators, together with a technical summary.
This feature includes nine of the commonly used technical indicators: MACD, RSI, KDJ, StochRSI, ATR, CCI, WR, TRIX and MA. You may also adjust the timeframe depending on your needs.
Please note that technical analysis is only part of investment reference, and there is no absolute standard for using numerical values to assess direction. The results are for reference only, and we are not responsible for the accuracy of the indicator calculations and summaries.