0.566
Today
+0.30%
5 Days
+1.00%
1 Month
-0.93%
6 Months
-3.61%
Year to Date
-1.55%
1 Year
-0.83%
Opening Price
0.565Previous Closing Price
0.565
Under pressure below 0.5671, with 0.5634 and 0.5626 as targets
above 0.5671, look for 0.5685 and 0.5693.
Under pressure below 0.5671, with 0.5634 and 0.5626 as targets
The New Zealand Dollar (NZD) stands its ground against the US Dollar (USD) at the start of the week, as positive data from China offset the downbeat New Zealand Trade Balance earlier in the day.
The NZD/USD pair holds positive ground near 0.5655 during the Asian trading hours on Monday. The New Zealand Dollar (NZD) edges slightly higher against the US Dollar (USD) following the upbeat Chinese economic data.
The New Zealand Dollar ended the week on a higher note against the US Dollar, up 0.55% to 0.5652, as the Greenback weakened amid investors' skepticism about a Fed hike in October despite the US docket featuring red-hot inflation.
Commerzbank’s Volkmar Baur describes a double bind for the New Zealand Dollar as rising monthly price indices signal higher CPI, while electronic card data show stagnating retail spending and likely negative real consumption. With markets pricing an 80% chance of a Reserve Bank of New Zealand rate hike in two weeks, he remains cautious and flags next week’s CPI as crucial.
The New Zealand Dollar (NZD) is showing the strongest performance among the major currencies on Friday, and rallies 0.8% against the US Dollar (USD) to hit three-week highs at 0.5667 at the time of writing.
The NZD/USD pair rises to around 0.5650 during the Asian trading hours on Friday. The US Dollar (USD) faces some selling pressure against the New Zealand Dollar (NZD) following remarks from Federal Reserve (Fed) Chair Kevin Warsh.
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.
