NZD/USD catches some buying on Wednesday and reverses its weekly losses. A modest USD pullback from a two-year high offers some support for the pair. Expectations of an aggressive rate hike from the Fed should limit USD losses and limit the pair’s rise. The pair NZD/USD moves firmly higher during the European session on Wednesday […]
Tag: NZDUSD
NZD/USD recovers at 0.6750, ahead of Powell/NZ CPI speech
NZD/USD is attempting to break a four-day losing streak on Tuesday, having found some composure in the mid-0.6700s. The pair has performed poorly recently amid buoyant dollar and weak stocks. Traders are keeping an eye on Fed Chairman Powell’s upcoming speech as well as New Zealand CPI this week. The NZD/USD is attempting to break […]
NZD/USD under pressure, at 7-week lows below 0.6720
NZD/USD is headed for the lowest daily close since late February. Technicals point to further short-term losses. The US dollar remains strong amid rising US yields and cautious markets. The NZD/USD is falling for the fifth consecutive day on Monday and technical indicators point to oversold readings in the short term. Still, no signs of […]
NZD/USD recovers modestly after hitting monthly lows at 0.6750
The Kiwi is among the weakest G10 currencies despite the RBNZ rate hike. US dollar remains strong, supported by US inflation data. NZD/USD is headed for the lowest close in a month. The NZD/USD trimmed losses during the American session; however, it is still headed for the lowest daily close in a month. The pair […]
NZD/USD extends decline to 0.6750, fresh four-week low
The dollar is boosted after new high inflation data in the US. Higher-than-expected rate hike in New Zealand does not support the kiwi. NZD/USD worsens the picture, aims to test March bottom of 0.6727. NZD/USD extended the decline to 0.6750, marking a new low in almost a month after the US wholesale inflation data. The […]
NZD/USD rises above 0.6850
NZD/USD has risen above 0.6800 on the back of softer-than-expected post-CPI US dollar profit-taking. Short-term bulls are looking at a test of the recent lows and the 21-200 DMA at 0.6900. The focus has now turned to the RBNZ meeting on Wednesday. After finding strong support above the 0.6800 level and its 50-day moving average […]
NZD/USD falls to a low of more than three weeks, around 0.6865
NZD/USD witnessed selling for the third day in a row and pulled back further from the yearly high. The Fed’s dovish outlook, high US bond yields supported the USD and put pressure on it. A positive risk tone could cap the safe-haven USD and limit losses for the kiwi perceived as riskier. The pair NZD/USD […]
NZD/USD remains under pressure near 0.6900, just above a 1-1/2 week low
NZD/USD moves lower for the second day in a row and extends retracement of yearly high. The war in Ukraine weighs on investor sentiment and weighs on the perceived riskier NZD. A modest pullback in US bond yields keeps USD bulls on the defensive and offers support for the pair. The pair NZD/USD remains under […]
NZD/USD bounces off 200 DMA, climbs above 0.6950
NZD/USD is trading sharply higher on Monday, with the pair up 0.6% to hit 0.6965. The pair has ignored the Russo-Ukrainian pessimism and the Fed’s recent hawkish line speech after bouncing off its 200 DMA. Now eyeing a test of recent highs at 0.7000, helped by buoyant equity markets. The NZD/USD trades strongly higher on […]
NZD/USD maintains slight daily gains, upside potential seems limited
NZD/USD attracts some buying on Monday amid subdued USD action. The war in Ukraine and aggressive Fed expectations should help limit USD losses. The fundamental backdrop warrants some caution for aggressive bulls. The pair NZD/USD maintains its modest intraday gains during the first half of the European session on Monday, holding positive around the 0.6925/30 […]
