-637690902537696247.png "The bulls meet critical resistance near 0.6980")
NZD / USD falls sharply on Wednesday following the RBNZ decision. NZD / USD breaks four days of bullish momentum in quick response to the RBNZ rate hike announcement. The momentum oscillator is clinging to the oversold zone with a neutral stance. The NZD / USD breaks a four-day upward move at the start of […]
Tag: NZDUSD
NZD / USD struggles to find direction, trading around 0.6970 ahead of RBNZ
The NZD / USD is fluctuating in a relatively tight range on Tuesday. The RBNZ is expected to raise its policy rate by 25 basis points. The US Dollar Index clings to modest daily gains, hovering below 94.00. The pair NZD / USD is having a difficult time making a decisive move in either direction […]
NZD / USD cuts early losses, posts modest gains around 0.6970
The NZD / USD reversed its direction after falling in the Asian session. The US dollar index registers a modest rebound after a three-day decline. Investors await PMI data from US Markit and ISM Services. The risk-off market environment allowed the dollar to find demand during Asian business hours on Tuesday and caused the pair […]
NZD / USD maintains its positive tone, capped above 0.6955
The Kiwi reversal from the high of 0.0.6980 has found support at 0.6955. The pair maintains its positive short-term tone amid widespread USD weakness. NZD / USD remains near the 0.7000 resistance area. The NZD’s rejection from the 0.7000 zone, seen during the previous US trading session on Monday, has been contained above 0.6950. The […]
NZD / USD rises returning near 0.7000, 4-day highs
The NZD / USD gained strong positive traction for the third consecutive session on Monday. Widespread USD weakness continued to support ongoing positive momentum. A combination of factors could help limit losses in USD and gains for the pair. The intraday selling of the USD accelerated during the middle of the European session and pushed […]
Recovery from five-week lows falters near 0.6950
The NZD / USD bounce is still limited by the resistance of the ascending triangle. The RSI remains above the midline, keeping NZD buyers hopeful. All eyes are on the RBNZ for the next direction in the NZD. The NZD / USD pair is looking limited after meeting stiff resistance near the 0.6950 region once […]
NZD / USD rises from lows of 0.6860 and is approaching 0.6950.
The NZD / USD is making up lost ground to hit the 0.6900 midrange level. Kiwi prolongs the recovery favored by a softer USD. The NZD / USD is expected to continue advancing towards 0.7200. The New Zealand dollar It has appreciated against its US counterpart for the second day in a row, returning above […]
NZD / USD plunges below 0.6900 as DXY hits new yearly high
NZD / USD supported by broad US dollar strength across the board. The US dollar index hits new yearly highs, despite optimistic market sentiment. Pending home sales in the United States rose 8.1% in August. NZD / USD plunges to new monthly lows trading at 0.6868, shedding 1.31% at the time of writing. The pair […]
NZD / USD falls to month-long lows, 0.6900 again in sight
The NZD / USD remained under some selling pressure for the second day in a row on Wednesday. The prevailing bullish sentiment around the USD was seen as a key factor exerting pressure. The risk appetite boost, the pullback in US bond yields failed to inspire the bulls or stopped the slide. USD buying accelerated […]
NZD / USD depreciates further, reaching levels below 0.6950
The NZD / USD extends the decline beyond the 0.7000 to 0.6940 area. Rising US yields and risk-scared mood have weighed on the NZD. NZD / USD: Below 0.6981, the pair could hit 0.6805 – Credit Suisse. The New Zealand dollar It has resumed its downtrend from last week’s highs near 0.7100 on Tuesday, breaking […]
