Today
+1.28%
5 Days
-0.28%
1 Month
+0.17%
6 Months
-5.90%
Year to Date
-2.50%
1 Year
+0.10%
Opening Price
0.556Previous Closing Price
0.554
The upside prevails as long as 0.5586 is support, with 0.5623 and 0.5632 as targets
below 0.5586, expect 0.5571 and 0.5562.
The upside prevails as long as 0.5586 is support, with 0.5623 and 0.5632 as targets
Brown Brothers Harriman (BBH) reports New Zealand Dollar (NZD) is leading G10 FX performance, helped by New Zealand’s preliminary election result that reduces the risk of the Reserve Bank of New Zealand (RBNZ) reverting to a dual inflation-employment mandate.
The New Zealand Dollar (NZD) has bounced up strongly against the US Dollar (USD) on Monday, following a tight result in New Zealand's general election amid a fragile appetite for risk at the start of the trading week.
The NZD/USD pair gathers strength near 0.5560 during the early Asian trading hours on Monday. Markets continue to assess central bank policies and the preliminary results of the New Zealand general election. China’s Consumer Price Index (CPI) inflation report will be released later in the day.
New Zealand’s ruling coalition has a slim majority in preliminary election results, although the outcome remains uncertain as about 14% of the votes have yet to be counted. The final results will determine which political group will govern the country for the next three years.
The New Zealand Dollar (NZD) is falling sharply on Friday as the US Dollar (USD) outperforms its major currency peers amid the risk-off mood and market expectations of a strong US Nonfarm Payrolls (NFP) report later in the day.
NZD/USD remains subdued for the second successive day, trading around 0.5560 during European hours on Friday. The pair is depreciating as the US Dollar (USD) gains support amid widespread market caution.
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.