Today
-1.16%
5 Days
-1.20%
1 Month
-0.91%
6 Months
-4.94%
Year to Date
-2.46%
1 Year
-2.68%
Opening Price
0.568Previous Closing Price
0.568
The downside prevails as long as 0.5635 is resistance, with 0.5569 and 0.5560 as targets
above 0.5635, look for 0.5649 and 0.5657.
The downside prevails as long as 0.5635 is resistance, with 0.5569 and 0.5560 as targets
UOB’s Lee Sue Ann notes that the Reserve Bank of New Zealand (RBNZ) kept the Official Cash Rate (OCR) at 2.75% in a narrow 4-3 decision, but maintained a clear tightening bias.
The US Dollar (USD) capitalized on an unexpected monetary policy pause by the Reserve Bank of New Zealand (RBNZ), which held its Official Cash Rate (OCR) at 2.75% in a narrow 4–3 vote despite widespread market expectations for a 25-basis-points (bps) rate hike.
The New Zealand Dollar (NZD) sells off across the board on Wednesday and dives more than 1.3% against the US Dollar (USD) following the Reserve Bank of New Zealand’s (RBNZ) monetary policy decision.
Societe Generale analysts note that NZD/USD is testing the lower boundary of its multi-month range at 0.5560/0.5550 following the RBNZ's decision to hold the OCR at 2.75%, despite expectations of a 25bp hike.
Commerzbank’s Norman Liebke notes that the Reserve Bank of New Zealand (RBNZ) surprised markets by holding at 2.75%, even as it signalled further hikes will likely be needed.
The New Zealand Dollar (NZD) trades sharply lower against its major currency peers on Wednesday. Against the US Dollar (USD), the kiwi dollar is down 1.28% to near 0.5600.
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.