NZD/USD tumbles to near 0.5900 due to multiple headwinds. China’s battered economy and improved RBNZ rate-cut bets have dampened the New Zealand Dollar’s appeal. The next...
NZD/USD deepens losses, slipping near the 0.5900 mark, marking a consistent bearish trend since last week. The pair lost almost 2.5% in the last five trading...
NZD/USD recovers swiftly from 0.5910 as the US Dollar corrects. The US Dollar weakens after mixed US S&P flash PMI for July. China’s dismal economic prospects and...
NZD/USD weakens around 0.5945 in Wednesday’s early Asian session, down 0.25% on the day. Rising expectations of RBNZ rate cuts and sluggish Chinese economic activity exert...
NZD/USD trades on a softer note near 0.5975 in Tuesday’s early Asian session, down 0.10% on the day. The rising bets on RBNZ rate cuts and...
NZD/USD stumbles downwards, surrendering the pivotal 0.6000 mark, following its worst week since January. The pair settled at 0.5980 on Monday, ensuring a daily loss of...
NZD/USD turns lower for the third straight day and drops to over a two-month trough. Bets for an early RBNZ rate cut and China’s economic woes...
NZD/USD trudges below the 0.6070 level, marking its worst week since January. The pair closed at 0.6010, indicating a weekly loss of approximately 1.80%. NZD/USD remains...
The New Zealand Dollar (NZD) is likely to decline. The next support level is at 0.6005. The latter level is likely out of reach for now,...
NZD/USD recovers some intraday losses as the US Dollar remains under pressure due to firm Fed rate-cut bets. Fed Powell recognized the need for more soft...
NZD/USD trades on a softer note around 0.6075 in Tuesday’s early Asian session. New Zealand inflation data is expected to slow more than central bank expects...
NZD/USD gains momentum resuming back above the 20-day SMA. Bulls attempt to maintain control after Thursday’s recovery transitioned the technical outlook towards a slightly bullish sentiment....
NZD/USD gains to near 0.6120 as the US Dollar faces severe selling pressure. The US Dollar declines as Fed rate-cut bets soar. Weak Business NZ PMI...
NZD/USD declined 0.6% after the RBNZ stating that it expects inflation to return to the 1-3% target range in 2H. The RBNZ is also diverging from...
NZD/USD rebounds to 0.6090 in Thursday’s early Asian session. The RBNZ held its policy rate at its July meeting and delivered a less hawkish tone. Fed’s...
AUD/NZD gains momentum around 1.1075 in Wednesday’s Asian session, up 0.63% on the day. The RBNZ maintained the Official Cash Rate (OCR) unchanged at 5.50% at...
The Reserve Bank of New Zealand is expected to keep rates on hold at 5.50% on Wednesday. Upside risks to inflation to offset economic concerns, prompting...
NZD/USD edged higher and closed above the 20 SMA support around 0.6120. With the technical outlook now showing signs of bullishness, the pair tests resistance around...
Chance for the New Zealand Dollar (NZD) to retest the 0.6130 level; the major resistance at 0.6150 is unlikely to come into view. With that said,...
NZD/USD gains ground as US Dollar improves on rising odds of Fed rate cuts in 2024. The US ISM Services PMI dropped to 48.8 in June,...