Nzd

Here are the key levels to watch for AUD/NZD, NZD/USD and NZD/JPY. The New Zealand dollar is also known as the Kiwi. Access the most up to date statistics, analyses and economic events regarding the NZD USD cross. It is often referred to as trading the “Kiwi” because the $1 coin depicts the Kiwi bird.

In 2012 the Reserve Bank of New Zealand intervened to devalue the Kiwi because it had appreciated so much. It is the 10th most traded currency in the world. Price created a new a high followed by a a set of lows. Price is continuing its uptrend and forming a pennant where price could potentially find support for a trend continuation. The bearish trend line has been broken out to the upside. Short-term and long-term NZD/USD (New Zealand Dollar / United States Dollar) Forex rate predictions may be different due to the different analyzed time series. The NZ Dollar to Dollar rate may drop from 0.719 to 0.692.

Nz Cpi: 1 4% Yoy 0.5% Qoq, Beats Expectations, Nzd

However, bullish MA stacking suggests that an extended move lower is relatively unlikely. With that in mind, staying constructively positioned above the trend-defining 50-DMA (73.97) could neutralize short-term selling pressure and generate a retest of the 50% Fibonacci (74.24). Clearing that probably ignites a more extensive correction back towards Ascending Channel resistance-turned-support and the December 2020 low (0.7002). With the RSI snapping the uptrend extending from the March 2020 lows, and the MACD histogram registering its most negative readings in over 4 months, the path of least resistance seems to favour the downside. NZD/USD eyeing a push to key support at the 50-DMA.

In doing so, the kiwi pair fades bounce off 0.7096, the lowest level since December 29 flashed the previous day, despite welcome fundamentals from New Zealand. NZD/JPY also appears poised to extend its recent fall from its highest levels since early 2019, after collapsing back below key psychological support at the 74.00 mark.

News & Analysis

USD to NZD forecast for tomorrow, this week and month. NZD to USD forecast for tomorrow, this week and month. In the near term, this thing will reach 0.7 before year-end. All services are free, so you to take advantage of the https://umarkets.net/ opportunities that Forex trading offers. Its economy has now recovered 90% of the number of jobs lost during the pandemic. Westpac on Thursday ditched its calls for two more rate cuts from the Reserve Bank of New Zealand .

NZD USD

NZD/USD has been somewhat on the back foot in recent trade, dropping back from close to session highs in the upper 0.7230s to current levels around 0. The early price action suggests the Fibonacci level at .7122 is controlling the direction of the NZD/USD. The Bank of Japan and the ECB deliver policy decisions today as hopes of significant fiscal stimulus supports demand for riskier assets. The NZD/USD pair has important support at 0.7153/44, which ideally holds to keep the market in a new high-level range, economists at Credit Suisse apprise. A sustained downside break of an ascending trend line from November 13, currently around 0.7155, directs NZD/USD sellers toward a 50-day SMA level of 0.7077. NZD/USD remains on the back foot for the third consecutive day while easing to 0.7110 during Tuesday’s Asian trading.

Usd

Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible. Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk https://umarkets.net/forex/nzd-to-usd/ appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading and seek advice from an independent financial advisor if you have any doubts. Fusion Mediawould like to remind you that the data contained in this website is not necessarily real-time nor accurate.

A daily close below 0.7100 would likely intensify near-term selling pressure and pave the way for price NZD USD to challenge the 50-DMA (0.7054). longer-term technical outlook continuing to favour further gains.

Most Traded Forex Pairs

Recently, US President Trump published an executive order to prioritize removing Chinese drones from government fleets. To provide some background, China is the world’s largest commodity player and any negative for it could adversely affect Antipodeans including NZD/USD. Following that, New Zealand’s Electronic Card Retail Sales grew past-1.0% forecast and 1.4% previous readouts to 3.5% YoY in December. Alternatively, hurdling 1.0815 could confluent resistance at the Andrews’ Pitchfork parallel and June 2020 high (1.0881).

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Nzd To Usd Forecast By Day

President Biden speaks about the economy later on. It should be noted that the kiwi pair’s downside the previous day failed to justify upbeat China data.

For inquiries related to this message please contact our support team and provide the reference ID below. Please make sure your browser supports JavaScript and cookies and that you are not blocking them from loading. For more information you can review our Terms of Service and Cookie Policy. Markets are edging lower and the safe-haven dollar is gaining ground amid concerns of extended lockdowns, vaccination bottlenecks, and hurdles to passing US stimulus. GBP/USD is on the back foot, trading below 1.37 after UK Retail Sales disappointed with only 0.3% and January’s preliminary PMIs also missed estimates. EUR/USD has been recovering and rising toward 1.22 as January’s eurozone PMIs beat expectations. Earlier, the pair was under pressure amid a souring market mood related to coronavirus and doubts about US stimulus.

Debates Sobre Nzd

Gold clings to losses as the US dollar remains firmer on the session. Mixed technical picture on the 1H chart keeps the sellers hopeful. $1865 will offer strong resistance if XAU/USD bounces further. Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets.

“New Zealand Dollar / United States Dollar” exchange rate predictions are updated every 5 minutes with latest Forex rates by smart technical market analysis. At Walletinvestor.com we predict future values with technical analysis for wide selection of Forex pairs like NZD to USD . If you are looking for foreign exchange rates with good return, NZD to USD can be a bad, high-risk 1-year investment option. NZD/USD rate equal to 0.719 at , but your current investment may be devalued in the future.

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