Fundamental Overview The US CPI yesterday came in line with expectations leading to a bit of a “sell the fact” reaction in the US Dollar. The bullish momentum picked up a bit later though as Fed’s Logan delivered a hawkish comment saying that “models show that Fed funds could be very close to neutral” basically […]
The NZD/USD got rejected by the 20-day SMA by the fourth time this week. Technical indicators point to increasing selling pressure and decreasing buying pressure. A breakout from the 0.5940-0.6030 range will confirm a bearish outlook. In Friday’s session, the NZD/USD declined by 1.05% to 0.5960, continuing its downward trend as the pair got rejected by […]
NZD/USD softens to around 0.6020 in Friday’s early Asian session. The 25 basis points (bps) rate cut by the Fed on Thursday was widely expected. Donald Trump’s proposals to raise tariffs could drag the Kiwi lower against the USD. The NZD/USD pair trades with a mild negative bias near 0.6020 during the early Asian session […]
NZD/USD falls as US Dollar receives support from Trump trade optimism. Exit polls indicate growing support for former President Trump’s bid to become the 47th President of the United States. New Zealand’s Unemployment Rate Q3 increased to 4.8% from 4.6% in the second quarter. NZD/USD depreciates by more than 1% as the US Dollar (USD) […]
NZD/USD gains ground to around 0.5980 in Thursday’s Asian session. ANZ Business Confidence rose to 65.7 in October vs. 60.9 prior. Investors await the US PCE inflation data on Thursday. The NZD/USD pair recovers some lost ground to near 0.5980 on Thursday during the Asian trading hours. The upbeat New Zealand business confidence and Chinese Manufacturing […]
NZD/USD retreats further, dropping below 0.6000. Oversold RSI points to possible corrective bounce, but bearish momentum remains strong. The pair stands in lows since early August. The NZD/USD currency pair has extended its downtrend, with bears maintaining a firm grip as selling momentum builds. During Friday’s session, the pair fell by 0.60% to 0.5980, hitting […]
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NZD/USD rebound from over a two-month low amid a modest USD downtick. A combination of factors should limit the USD slide and cap gains for the pair. The setup supports prospects for the emergence of fresh selling at higher levels. The NZD/USD pair stages a modest recovery from the 0.6020 area, or its lowest level […]
NZD/USD loses ground near 0.6340 in Tuesday’s early Asian session. Fed’s Powell said the central bank is not in a hurry to cut rates quickly, will be guided by data. The Chinese fresh stimulus measure might cap the downside for the Kiwi. The NZD/USD pair trades on a softer note around 0.6340, snapping the three-day […]
The NZD/USD climbed to fresh highs since December. The RSI stands deep in positive area and the MACD shows rising green bars supporting an overall bullish outlook. If the bulls fail to conquer 0.6400, it might trigger a downward correction. On Friday, the NZD/USD pair continued its ascent from Thursday, adding 0.20%, reaching 0.6354 and […]
The NZD/USD upside seems to be limited as buying and selling forces struggle for dominance. The RSI suggests a neutral outlook, while the MACD indicates declining selling pressure. A crossover between the 100 and 200-day SMA might propel the pair upwards. The NZD/USD traded mostly flat on Friday’s session and failed to hold gain which […]
NZD/USD falls 0.84% on Friday to trade at 0.6170. The RSI and MACD indicators align with the bearish outlook, signaling negative momentum. The 20-day SMA presents a strong barrier against the sellers. The NZD/USD pair has been trading lacklusterly within a narrow range, but Friday’s sharp decline has shifted the technical outlook to bearish, at […]
