- The US dollar regained lost ground after solid US employment data.
- The NZD/USD remains bullish while above 0.5990.
- Below that level, the following support areas are 0.5925 and 0.5890.
The New Zealand dollar fell on Tuesday, affected by a stronger US dollar, but the downward attempts have been contained in the area of ​​0.5990-0.6000, which keeps the general upward trend intact.
The Kiwi retreated since the maximum of the year, at 0.6050, after the number of job offers in the US, stronger than expected, which relieved concerns about debt and US trade tariffs, at least momentarily, and provided a moderate impulse to a weakened US dollar.
Technical analysis: The torque remains bullish while it is above 0.5990
The correction of the New Zealand dollar has remained above a previous resistance, now converted into support in 0.5990, which also coincides with the resistance of the ascending trend line since the minimum of May 22.
The 4 -hour graph shows hesitation, but the RSI remains in positive territory, above level 50. If this support is maintained, the bulls will continue in control, with the resistance of 0.6050 in the focus.
An additional fall beyond 0.5990, on the contrary, would add pressure to 0.5925 and 0.5890.
4 hours of the NZD/USD
New Zealander dollar today
The lower table shows the percentage of change of the New Zealand dollar (NZD) compared to the main coins today. New Zealand dollar was the strongest currency against the Japanese yen.
| USD | EUR | GBP | JPY | CAD | Aud | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | -0.16% | -0.09% | 0.13% | -0.02% | -0.02% | -0.08% | -0.10% | |
| EUR | 0.16% | 0.05% | 0.28% | 0.12% | 0.12% | 0.06% | 0.05% | |
| GBP | 0.09% | -0.05% | 0.19% | 0.06% | 0.08% | 0.02% | 0.00% | |
| JPY | -0.13% | -0.28% | -0.19% | -0.13% | -0.21% | -0.16% | -0.20% | |
| CAD | 0.02% | -0.12% | -0.06% | 0.13% | -0.00% | -0.06% | -0.07% | |
| Aud | 0.02% | -0.12% | -0.08% | 0.21% | 0.00% | -0.06% | -0.09% | |
| NZD | 0.08% | -0.06% | -0.02% | 0.16% | 0.06% | 0.06% | -0.02% | |
| CHF | 0.10% | -0.05% | -0.00% | 0.20% | 0.07% | 0.09% | 0.02% |
The heat map shows the percentage changes of the main currencies. The base currency is selected from the left column, while the contribution currency is selected in the upper row. For example, if you choose the New Zealand dollar of the left column and move along the horizontal line to the US dollar, the percentage change shown in the box will represent the NZD (base)/USD (quotation).
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
