NZD / USD broke out of the top of its recent range on Monday amid broad weakness and risk of USD triggering. Having broken out of a key downtrend, the pair is considering a test of the late January high at 0.7250. The NZD / USD It broke out of the top of its recent […]
Tag: NZDUSD
NZD / USD moves sideways below 0.7200 amid lack of fundamental drivers
The NZD / USD is moving within a tight range at the beginning of the week. The DXY US Dollar Index records small daily gains above 91.00. No major macroeconomic data will be released in the US on Monday. The pair NZD / USD closed last week with little change and seems to be having […]
NZD / USD extends bounce to 0.7200, appears to post modest weekly gains
NZD / USD stars in a decisive recovery in the American session. The US Dollar Index falls into negative territory, remains above 91.00. Nonfarm payrolls in the US increased 49,000 in January. The pair NZD / USD It fell below 0.7150 during European trading hours, but reversed its course in the second half of the […]
NZD / USD falls back towards the 0.7150 region before the US NFP.
The NZD / USD is moving within a tight range on Friday. DXY US Dollar Index Consolidates Weekly Gains Below 91.50 Investors await the US NFP Nonfarm Payroll report for January. The pair NZD / USD It lost nearly 50 pips on Thursday and extended its decline to a daily low of 0.7136 during the […]
NZD / USD extends slide to new daily low near 0.7150
NZD / USD turned south after trading around 0.7200 earlier in the day. The broad-based USD strength continues to drag NZD / USD lower. Focus shifts to January US Non-Farm Payrolls report. The pair NZD / USD It moved sideways around 0.7200 during the first half of the day, but lost its traction in the […]
Returns initial gains, bulls have a hard time forcing a breakout
The NZD / USD pair has returned all initial gains from the Asian session and is moving back below the 0.7200 level. At time of writing, the pair is trading in the region of daily lows, around the 0.7195 level, having peaked at 0.7225 earlier in the day. The daily chart shows that the bulls […]
NZD / USD returns a significant portion of initial earnings and falls below the 0.7200 level
A combination of factors provides a modest intraday rise to the NZD / USD on Wednesday. A rally in US bond yields benefits the USD and limits any potential rise in the pair. Investors are now turning their attention to the US ISM Services PMI for short-term opportunities. The pair NZD / USD has returned […]
NZD / USD Recovers Above 0.7150 Ahead of Key Job Data Release
The NZD / USD pair rebounded from a streak of weakness early in the US session and is back above 0.7150. Higher dairy prices have helped the NZD perform well despite the strong US dollar as traders await key employment data. The NZD / USD experienced a bout of weakness at the time of the […]
NZD / USD clings to small daily gains near 0.7160 ahead of New Zealand labor market report
The NZD / USD is trading with modest gains early in the US session. Rising US Treasury yields help keep the dollar strong. The focus shifts to the New Zealand labor market report. The pair NZD / USD It rose to a daily high of 0.7193 early in the European session, but struggled to maintain […]
NZD / USD will fall towards 0.70 in Q1 2021 – DBS Bank
The NZD / USD fell to 0.7158 on Monday, down from 0.7184 (2020 closing level). The kiwi loses ground for the fourth session in a row. Economists at DBS bank expect the kiwi to slide towards the 0.7000 level in the coming months. Key statements: “Technically, the NZD / USD has been slowed at 0.72, […]
