The NZD / USD is rising modestly ahead of the US data release. The US Dollar DXY Index remains relatively quiet around 91.00. CPI data and weekly initial jobless claims stand out on the US economic calendar. After climbing towards 0.7100 on Wednesday, the NZD / USD reversed its direction during the American session and […]
Tag: NZDUSD
AUD / NZD rises above the 21 DMA but still in long-term downtrend
The AUD has continued its recent comeback against the NZD, with the AUD / NZD rising above its DMA of 21 and towards 1.06 on Wednesday. AUD is a G10 currency outperforming on Wednesday following strong data and amid hopes for China relations The AUD / NZD broke above its 21-day moving average (DMA), which […]
NZD / USD strengthened before 0.7100 level
The NZD / USD has been on the defensive in recent trading and has reversed from highs just below 0.7100 towards 0.7000. Selling was exacerbated when the pair broke below a short-term uptrend. Amid a deterioration in the broader market appetite for risk in recent trading, NZD / USD It has reversed from previous highs […]
NZD / USD trades below 0.7050 in line with USD flows
US labor productivity data did little to affect dollar sentiment or pull NZD / USD out of its range below 0.7050. The NZD is likely to continue trading as a function of global sentiment ahead of the manufacturing sales volume data at 9:45 PM GMT. The NZD / USD It continues to trade within the […]
NZD / USD falls below 0.7025, Wall Street futures hit lows
The NZD / USD is trading at a low as Wall Street futures fall. Predominantly ranged in ranges, DXY is approaching 91.00. The NZD / USD is trading at 0.7023, the low of the day on Tuesday. The kiwi shows some weakness, but moderate routes still predominate. Between the high and low of the day, […]
NZD / USD falls back above 0.7050 as risk appetite stabilizes
A stabilization in broader risk appetite and a drop in the USD from previous highs has allowed the NZD / USD to rally above 0.7050. The NZD is likely to continue trading based on the broader risk flows ahead of key housing data later in the week. The NZD / USD It has made a […]
NZD / USD falls towards 0.7000 due to market caution
NZD / USD is falling for the second day in a row. The US Dollar Index recovered above 91.00 on Monday. The major Wall Street indices appear to be opening in negative territory. After rising to its highest level since April 2018 at 0.7106, the pair NZD / USD made a technical correction and posted […]
NZD / USD consolidates around 0.7050 having broken below the uptrend channel
NZD / USD has moved sideways from the US employment data and is consolidating around 0.7050. The pair recently broke down from a medium-term bullish channel, implying more choppy trading ahead. The NZD / USD It has been moving sideways in recent trading, with price action swinging on both sides of the 0.7050 level. Currently, […]
NZD / USD pulls back from 0.7100 as Kiwi bulls take a breather
NZD / USD has pulled back from highs above 0.7100 in recent trading amid profit taking. NZD underperforms in the G10 on Thursday but remains one of the stars for the past month. A series of profit-taking has brought the NZD / USD from the 0.7100 level, which the pair briefly surpassed on Thursday. At […]
NZD / USD reaches 0.7100 for the first time since April 2018
A coup for the NZD / USD has seen the pair break above Wednesday’s high of 0.7085 and hit 0.7100. The last time the kiwi reached these levels against the US dollar was in April 2018. Widespread USD weakness, exacerbated by strong US PMI data, has fueled the move. The NZD / USD is seeing […]
