0.578
Today
-0.50%
5 Days
-1.64%
1 Month
-1.12%
6 Months
+0.25%
Year to Date
+0.45%
1 Year
-2.77%
Opening Price
0.581Previous Closing Price
0.581
The downside prevails as long as 0.5811 is resistance, with 0.5772 and 0.5763 as targets
above 0.5811, look for 0.5827 and 0.5837.
The downside prevails as long as 0.5811 is resistance, with 0.5772 and 0.5763 as targets
• RBNZ's cautious guidance reduced interest rate support for the New Zealand dollar. • Persistent US inflation and elevated Treasury yields strengthened the greenback. • Chinese economic headwinds and technical selling further pressured the Kiwi currency.
The NZD/USD pair tumbles to around 0.5790 during the early Asian trading hours on Monday. The New Zealand Dollar (NZD) weakens against the US Dollar (USD) on a dovish hike from the Reserve Bank of New Zealand (RBNZ).
The NZD/USD pair rises to around 0.5835, snapping the four-day losing streak during the early European trading hours on Friday. However, the potential upside for the pair might be limited as markets turn cautious ahead of the key US Consumer Price Index (CPI) inflation data later on Friday.
• NZDUSD rose due to favorable interest rate expectations and global risk sentiment. • The U.S. Dollar weakened amid Fed policy uncertainty and profit-taking on positions. • Strong New Zealand export prices and technical indicators supported the currency pair.
The NZD/USD pair gains some positive traction during the Asian session on Friday, reversing a part of the previous day's heavy losses to sub-0.5800 levels, or the lowest since late July.
NZD/USD is clinging to the 0.5800 mark at the start of the Asian session on Friday after dipping to a near two-month low around 0.5797 earlier in the American session.
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.
