Today
-0.02%
5 Days
-0.86%
1 Month
-0.15%
6 Months
-3.34%
Year to Date
-2.16%
1 Year
-2.29%
Opening Price
0.563Previous Closing Price
0.563
In spite of the current correction, a rebound near 0.5664 is expected as long as 0.5600 is still intact
below 0.5600, expect 0.5586 and 0.5577.
In spite of the current correction, a rebound near 0.5664 is expected as long as 0.5600 is still intact
The New Zealand Dollar (NZD) extends its recovery to near 0.5640 against the US Dollar (USD) during the European trade on Friday.
The NZD/USD pair edges lower during the Asian session on Friday, reversing a part of the previous day's modest uptick and stalling its bounce from a two-week low, touched after the Reserve Bank of New Zealand (RBNZ) decision on Wednesday.
The New Zealand Dollar (NZD) is giving back previous gains against the US Dollar (USD) on Thursday, turning negative on the daily chart, and leaving the immediate bearish trend intact after dropping nearly 1% on Wednesday.
OCBC strategists Sim Moh Siong Christopher Wong highlight that the New Zealand Dollar (NZD) fell after the Reserve Bank of New Zealand (RBNZ) unexpectedly held the OCR at 2.75%. Policymakers still signal tighter policy ahead, with two further hikes expected in December and 1Q27.
The NZD/USD pair attracts some sellers following a modest Asian session uptick to the 0.5635-0.5640 region on Thursday, stalling the previous day's bounce from a two-week low, touched after the Reserve Bank of New Zealand (RBNZ) policy update.
Both central banks behind NZD/USD left their rates alone on Wednesday, and the Reserve Bank of New Zealand (RBNZ) kept 2.75% with a hike priced near 90%. NZD/USD fell below 0.5600 on the RBNZ's decision, the first time under that level since October 15.
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.
