0.572
Today
-0.29%
5 Days
-1.40%
1 Month
-3.13%
6 Months
-2.44%
Year to Date
-0.71%
1 Year
-4.13%
Opening Price
0.573Previous Closing Price
0.573
The downside prevails as long as 0.5748 is resistance, with 0.5693 and 0.5683 as targets
above 0.5748, look for 0.5764 and 0.5774.
The downside prevails as long as 0.5748 is resistance, with 0.5693 and 0.5683 as targets
NZD/USD depreciates after posting gains the previous day, trading around 0.5720 during the early European hours on Friday. The pair loses ground as the US Dollar (USD) recovers its daily losses due to hawkish comments from Federal Reserve Chair Kevin Warsh.
The NZD/USD pair struggles to capitalize on the previous day's modest recovery gains and edges lower during the Asian session on Friday. Spot prices, however, hold above the lowest level since July 9, touched on Wednesday, and currently trade around the 0.5730 region, nearly unchanged for the day.
NZD/USD rebounds on Thursday, trading around 0.5730 at the time of writing, up 0.35% on the day. The New Zealand Dollar (NZD) benefits from stronger-than-expected domestic growth data, allowing the pair to recover from the two-month low reached on Wednesday.
NZD/USD halts its three-day losing streak, trading around 0.5740 during the European hours on Thursday. The pair appreciates as the New Zealand Dollar (NZD) strengthens following the release of domestic Gross Domestic Product (GDP) data for the second quarter.
• Strong New Zealand second-quarter GDP data drove NZDUSD higher. • Shifting interest-rate expectations and US dollar resistance supported the kiwi. • Technical indicators show oversold conditions with a bearish MACD signal.
The NZD/USD pair gains some positive traction during the Asian session on Thursday in reaction to New Zealand's better-than-expected GDP print, snapping a three-day losing streak to its lowest level since July 9, touched the previous day.
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.