0.574
Today
+0.43%
5 Days
-0.66%
1 Month
-4.01%
6 Months
-1.51%
Year to Date
-0.33%
1 Year
-1.98%
Opening Price
0.571Previous Closing Price
0.571
Our technical view is bullish above 0.5713 with targets at 0.5756 & 0.5766
below 0.5713, expect 0.5697 and 0.5687.
Our technical view is bullish above 0.5713 with targets at 0.5756 & 0.5766
MUFG's Lee Hardman highlights the New Zealand Dollar (NZD) as the main overnight mover, boosted by hawkish guidance from Reserve Bank of New Zealand (RBNZ) Governor Breman. His comments on higher Oil-driven inflation have reinforced expectations for a third consecutive 25 bps hike next month.
The New Zealand Dollar (NZD) shows a modest recovery against the US Dollar (USD) on Thursday, favoured by somewhat brighter market sentiment as Brent Oil prices remain below the $100 level, which provides some relief to Oil-importing economies like New Zealand’s.
• New Zealand dollar advanced following stronger-than-expected second-quarter economic expansion metrics. • US dollar faced selective profit-taking and consolidation after recent market rallies. • Global risk sentiment improved alongside stable raw material prices and trade discussions.
Reserve Bank of New Zealand (RBNZ) Governor Anna Breman said on Tuesday that if higher oil prices persist, they are expected to result in somewhat higher near-term inflation than assumed in the September statement.
NZD/USD extends its losing streak for the third consecutive day, trading around 0.5700 during the Asian hours on Tuesday.
The New Zealand Dollar extends its losses for the second straight trading session, down 0.13% after last week’s Fed rate hike and a hawkish tilt within the board, which was reinforced by speeches of Fed officials on Monday. The NZD/USD trades at 0.5717.
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.