0.570
Today
+0.29%
5 Days
+1.36%
1 Month
-0.51%
6 Months
-3.49%
Year to Date
-1.03%
1 Year
-0.72%
Opening Price
0.568Previous Closing Price
0.568
The upside prevails as long as 0.5683 is support, with 0.5715 and 0.5723 as targets
below 0.5683, expect 0.5669 and 0.5661.
The upside prevails as long as 0.5683 is support, with 0.5715 and 0.5723 as targets
The New Zealand Dollar (NZD) posts minor gains against the US Dollar (USD) on Friday, but remains trading within Thursday’s range, amid a moderate risk-off mood as Oil prices rise to fresh five-month highs.
The NZD/USD pair gathers strength to around 0.5690 during the Asian trading hours on Friday. Growing expectations of a Reserve Bank of New Zealand (RBNZ) rate hike provide some support to the New Zealand Dollar (NZD) against the US Dollar (USD).
NZD/USD pauses a five-day winning streak on Thursday following softer-than-expected domestic inflation data. However, the pair lacks follow-through selling as the US Dollar (USD) remains on the back foot amid declining US Treasury yields.
Brown Brothers Harriman’s (BBH) Elias Haddad notes that NZD/USD’s recovery stalled after reaching a one-month high, as New Zealand Q3 Consumer Price Index (CPI) came in below expectations while underlying inflation remains persistent.
• Softer New Zealand inflation data reduced aggressive RBNZ rate tightening expectations. • A firmer US dollar compounded downside pressure amid global risk aversion. • Technical indicators show mixed signals with RSI and MACD remaining neutral.
The New Zealand Dollar (NZD) trades lower against its major currency peers on Thursday. The antipodean is down 0.25% to near 0.5679 against the US Dollar (USD) in the European 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.
