0.588
Today
+0.56%
5 Days
-0.96%
1 Month
-0.10%
6 Months
-0.90%
Year to Date
+2.23%
1 Year
+0.33%
Opening Price
0.584Previous Closing Price
0.585• NZD/USD rose due to strong Chinese economic data and a weak US Dollar. • Soft US labor market data lowered Treasury yields and greenback demand. • Technical indicators show neutral conditions with an RSI reading of 48.354.
The New Zealand Dollar (NZD) is up 0.16% at around 0.5860 against the US Dollar (USD) during the European trading session on Thursday.
The NZD/USD pair posts modest gains around 0.5855 during the early European trading hours on Thursday, supported by stronger-than-expected Chinese economic data. Attention will shift to the US August employment data, which will be released later on Friday.
The NZD/USD pair recovers some lost ground to near 0.5860, snapping the four-day losing streak during the early Asian session on Thursday. The New Zealand Dollar (NZD) strengthens against the US Dollar (USD) following the upbeat Chinese economic data.
The Reserve Bank of New Zealand (RBNZ) raised its policy rate on Wednesday and the currency fell almost 1.7% from top to bottom on the day it happened.
UOB’s Lee Sue Ann notes that the Reserve Bank of New Zealand (RBNZ) raised the Official Cash Rate (OCR) to 2.75% and kept a tightening bias, stressing the need to prevent fuel-driven inflation from becoming entrenched.
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.

The upside prevails as long as 0.5841 is support, with 0.5887 and 0.5897 as targets
below 0.5841, expect 0.5823 and 0.5812.
The upside prevails as long as 0.5841 is support, with 0.5887 and 0.5897 as targets
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