0.571
Today
+0.00%
5 Days
-2.36%
1 Month
-3.00%
6 Months
-0.96%
Year to Date
-0.75%
1 Year
-4.33%
Opening Price
0.571Previous Closing Price
0.571
The downside prevails as long as 0.5748 is resistance, with 0.5693 and 0.5683 as targets
above 0.5748, look for 0.5764 and 0.5774.
The downside prevails as long as 0.5748 is resistance, with 0.5693 and 0.5683 as targets
New Zealand reports second-quarter growth later on Wednesday, or early on Thursday depending on where you are relative to the international date line, and the forecast is 0.1% for the quarter, down from 0.8% in the first three months of the year.
NZD/USD has dropped in six straight sessions. The run started near 0.5900 on September 8, went through both long-run averages near 0.5850 early in the run, and the last three sessions have been the biggest of the lot.
• Stronger US dollar and rising Treasury yields drove downward pressure on NZDUSD. • RBNZ policy uncertainty and slowing domestic economic growth weakened the New Zealand dollar. • Technical indicators including MACD, RSI, and Williams %R suggest sell conditions.
NZD/USD trades around 0.5755 at the time of writing on Wednesday, virtually unchanged on the day after rebounding from an over two-month low at 0.5737.
ING notes that New Zealand’s Q2 GDP slowdown could magnify market impact given infrequent data, but the Reserve Bank of New Zealand remains focused on inflation and jobs.
The NZD/USD pair bounces off an over two-month low, around the 0.5735 area touched earlier this Wednesday, though it lacks any follow-through buying.
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.