0.578
Today
+0.05%
5 Days
-1.71%
1 Month
-1.20%
6 Months
+0.18%
Year to Date
+0.38%
1 Year
-2.84%
Opening Price
0.577Previous Closing Price
0.577
The downside prevails as long as 0.5791 is resistance, with 0.5749 and 0.5739 as targets
above 0.5791, look for 0.5807 and 0.5817.
The downside prevails as long as 0.5791 is resistance, with 0.5749 and 0.5739 as targets
NZD/USD trades lower on Tuesday, changing hands near 0.5780, down around 0.6% on the day. The pair has slipped below 0.5760 to its lowest level since mid-July, after giving back ground overnight from a session high near 0.5820.
NZD/USD extends its decline on Monday, trading around 0.5770 at the time of writing, down 0.72% on the day.
Brown Brothers Harriman’s (BBH) Elias Haddad highlights that New Zealand Q2 Gross Domestic Product (GDP) is expected to slow sharply, with domestic demand weighed by higher fuel prices, uncertainty and falling house prices, though leading indicators suggest Q3 recovery.
The NZD/USD pair meets with fresh supply at the start of a new week and drops to its lowest level since July 29, around the 0.5780 region during the early European session. Moreover, the fundamental backdrop suggests that the path of least resistance for spot prices remains to the downside.
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.
