0.588
Today
-0.07%
5 Days
+1.49%
1 Month
+3.08%
6 Months
-1.14%
Year to Date
+2.17%
1 Year
-0.31%
Opening Price
0.588Previous Closing Price
0.588The 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.
The downside prevails as long as 0.5891 is resistance, with 0.5849 and 0.5839 as targets
above 0.5891, look for 0.5909 and 0.5920.
The downside prevails as long as 0.5891 is resistance, with 0.5849 and 0.5839 as targets
NZD/USD extends its losses for the second successive day, trading around 0.5870 during the European hours on Thursday. The pair depreciates as the US Dollar (USD) gains support from renewed safe-haven demand following an Israeli airstrike in southern Lebanon.
Brown Brothers Harriman’s (BBH) Elias Haddad notes the New Zealand Dollar and local yields slumped after strong Q2 employment and wage gains were offset by rising labor supply and higher unemployment.
TD Securities reviews New Zealand’s Q2 labour report, noting unemployment rose to 5.6%, an 11‑year high, partly on higher participation, while employment still grew 0.5% quarter‑on‑quarter. Private-sector wages slightly beat consensus and the RBNZ’s May forecast.
NZD/USD declines to around 0.5860 on Wednesday at the time of writing, down 0.54% on the day, following the release of weaker-than-expected New Zealand employment data. The New Zealand Dollar (USD) comes under selling pressure as investors reassess the outlook for monetary policy.
• Softer New Zealand labor data shifts domestic interest rate expectations toward an easing cycle. • Economic divergence and elevated U.S. Treasury yields strengthen the U.S. Dollar against the Kiwi. • Chinese economic headwinds and global volatility reduce demand for the pro-cyclical New Zealand Dollar.
The NZD/USD pair weakens to near 0.5870 during the early European trading hours on Wednesday. The New Zealand Dollar attracts some sellers against the US Dollar (USD) after New Zealand’s unemployment rate climbs to the highest in 11 years.
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