NZD/USD fell on Thursday and reversed overnight gains as it hit a year’s high. Bets on Fed rate hikes, a softer risk tone benefited the USD as a safe haven and put pressure on it. The drop in US bond yields did not dent bullish USD sentiment or provide any support. The pair NZD/USD it […]
Tag: NZDUSD
NZD/USD falls from weekly highs towards 0.6960
NZD/USD falls from around 0.6975 as market sentiment softened on Russia/Ukraine issues. The dollar is holding firm, supported by Fed policymakers. Cleveland Fed President Mester adds her name to the list of aggressive Fed members. NZD/USD Price Forecast: Break above the 200 DMA changed the bias to the upside, though facing solid resistance around 0.7000. […]
NZD/USD corrects from multi-month highs, slide looks supported amid positive sentiment
NZD/USD is witnessing a modest pullback from a four-month high hit earlier this Wednesday. High US bond yields benefit the USD and cause some intraday profit taking in the pair. Risk appetite and rising commodity prices should help limit NZD losses. The pair NZD/USD moves lower early in the European session and falls to a […]
NZD/USD rallies towards 0.6950, hits highest level since late November
NZD/USD hit its highest level since late November in the 0.6950 area on Tuesday. Tuesday’s kiwi rally comes amid strong risk appetite and broad bullish momentum across the global equity space. NZD also has the added tailwind of one of the most aggressive G10 central banks in the RBNZ. The NZD/USD it rose to the […]
NZD/USD stops at the 200 DMA and falls below 0.6900
New Zealand dollar pulls back from last week’s highs on bearish market sentiment. Fed’s Powell: If necessary, the Fed would raise rates more than 25 bps in a meeting or meetings. NZD/USD Price Forecast: Neutral to the Upside, Daily Close Above 200 DMA Required to Extend Uptrend Further. The NZD/USD starts the week with a […]
NZD/USD slides towards 0.6800 amid mixed mood
NZD/USD falls as traders head into the weekend, down 0.71% on the week. The lack of progress in the Russia-Ukraine talks would keep investors on their toes for at least another week. NZD/USD Technical Outlook: The pair is neutral with the 100 DMA in play. After Monday’s 100 pip rally, the NZD/USD will end the […]
NZD/USD at session highs near 0.6870, all eyes point to 0.6900
The NZD is outperforming in tandem with its commodity-sensitive G10 peers, despite little commodity-inspired price action on the day. NZD/USD is at session highs near the 0.6870 area and points to a break towards resistance above 0.6900. The NZD is outperforming some of its more commodity-sensitive G10 peers like the Aussie and Loonie on Thursday, […]
NZD/USD extends correction from yearly high and tests 0.6800 level
NZD/USD witnesses selling for the second day in a row and pulls further away from the 2022 high. The global flight to the safe haven continues to support the USD and puts some downward pressure on the pair. Sustained weakness below the 0.6800 level should pave the way for a deeper corrective pullback. The pair […]
NZD/USD is approaching slight resistance around 0.6780-90
The NZD extends its gains on the week, rising 2.03% against the USD. Ukraine-Russia would resume negotiations on Thursday – Tass. NZD/USD Technical Outlook: Neutral-Bearish, but if it cannot break resistance it would exacerbate a bearish move. NZD/USD Technical Outlook: A bearish harami is coming on the daily chart. The New Zealand dollar It is […]
NZD/USD pulls back back to 0.6750 zone as risk appetite deteriorates
NZD/USD has pulled back a bit from session highs near the 0.6800 level and is back in the 0.6750 region. Risk appetite worsened during US trade with markets concerned about the global economic impact of the Russo-Ukrainian war. The NZD/USD it has pulled back a bit from session highs near but modestly below the 0.6800 […]
