NZD/USD edged higher and closed above the 20 SMA support around 0.6120. With the technical outlook now showing signs of bullishness, the pair tests resistance around the 0.6150 level. On Friday, the NZD/USD saw gains of 0.40% to 0.6050, as it managed to close above the 20, 100, and 200-day Simple Moving Averages (SMA). As […]
Chance for the New Zealand Dollar (NZD) to retest the 0.6130 level; the major resistance at 0.6150 is unlikely to come into view. With that said, recovery in NZD could extend to 0.6150, UOB Group analysts Quek Ser Leang and Lee Sue Ann note. Recovery in NZD may extend to 0.6150 24-HOUR VIEW: “NZD […]
Kiwi tallies a three-day losing streak, end the week on a negative note with the pair stabilizing at 0.6115. NZD/USD outlook continues to skew bearish as bulls fail to maintain upward traction. Bucking the bearish trend, a break above 0.6150, the position of the 20-day SMA, is vital. On Friday, the NZD/USD extended its losing streak […]
The NZD/USD stabilizes near 20-day SMA as bears intensify their attempts to breach the20-day SMA. Despite spirited defenses, both bulls and bears are yet to make significant headway. Daily chart indicators underscore continued consolidation with a slight downward momentum. The NZD/USD dipped to a low of 0.6115 before recovering and stabilizing at the 20-day Simple […]
Share: US Producer Price Index (PPI) surpasses estimates, bolstering the US Dollar as Treasury yields soar. Reserve Bank of New Zealand (RBNZ) is expected to maintain rates at 5.50%, adding pressure on the NZD. NZD/USD’s future hinges on US economic data and potential RBNZ rate surprises; 0.5900 level in sight. NZD/USD plunges below […]
Share: NZD/USD jumped above the 0.6100 threshold but is poised to close a third consecutive weekly loss. Headline NFPs came in lower than expected, while wages increased in July. The focus is set on next week’s CPI figures from July. At the end of the week, the NZD/USD rosed but will close a […]
Share: NZD/USD turns lower for the fourth straight day and drops to a one-week low on Wednesday. The initial reaction to stronger NZ inflation data fades quickly amid China’s economic woes. A goodish pickup in the USD demand exerts additional pressure and contributes to the slide. The NZD/USD pair fades an intraday bullish […]
