0.589
Today
+0.73%
5 Days
+0.39%
1 Month
+2.45%
6 Months
-2.40%
Year to Date
+2.33%
1 Year
-1.37%
Opening Price
0.585Previous Closing Price
0.585NZD/USD gains 0.75% on Friday and trades around 0.5895 at the time of writing, with its rally losing some momentum as it approaches the psychological 0.5900 level.
The New Zealand Dollar (NZD) appreciates on Wednesday as the US Dollar (USD) loses ground across the board amid dwindling hopes of immediate Federal Reserve interest rate hikes.
• NZDUSD rose due to broad US dollar weakness from softer inflation signals. • Reserve Bank of New Zealand policy stance provided fundamental currency support. • Technical support near the 100-day moving average prompted institutional short-covering flows.
NZD/USD gains ground after four days of losses, trading around 0.5870 during the early European hours on Friday. The pair appreciates as the New Zealand Dollar (NZD) receives support from traders continuing to price in a Reserve Bank of New Zealand (RBNZ) rate hike next month.
The NZD/USD pair is seen building on the previous day's bounce from the 0.5820 region, or a two-week low, and gaining some positive traction during the Asian session on Friday. Spot prices climbed back above 0.5850 in the last hour and, for now, seem to have snapped a four-day losing streak.
NZD/USD is recovering on Thursday in the American session, regaining the mid-0.5800s after rising off two-week lows reached during the Asian session. The New Zealand Dollar (NZD) has clawed back some ground as the US Dollar (USD) lost momentum.
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The price could retrace.
below 0.5872, expect 0.5855 and 0.5846.
As long as 0.5872 is support, look for 0.5919
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