The daily MACD shows a slight positive momentum, despite the overall bearish bias. The daily RSI indicates that the sellers are dominating, though the indicator’s flat...
NZD/USD has probably reversed its downtrend on the short-term timeframe. It was falling in a large Measured Move pattern, however, there is a chance this may...
NZD/USD gains ground as domestic Building Permits showed a notable increase in February. New Zealand’s Building Permits MoM rose by 14.9% in February against the previous...
The New Zealand Dollar extends its downtrend in most pairs as broadly weak fundamentals exert pressure. RBNZ governor Orr says the bank is “laser-focused” on beating...
NZD/USD reverses an Asian session dip and turns positive for the second straight day. The USD retreats further from a multi-month peak set on Tuesday and...
NZD/USD is declining in the final C leg of a bearish pattern. The Measured Move is likely to fall to a target in the 0.5800s. The...
NZD/USD remains on the defensive near its lowest level since November amid a bullish USD. Reduced bets for a June Fed rate cut and the risk-off...
NZD/USD edges lower to 0.5970 amid stronger USD and dovish comments from RBNZ. The US economy grew faster than expected in the fourth quarter (Q4). RBNZ’s...
RBNZ Governor Orr was seen dovish, which seems to be applying pressure to the NZD. GDP and Initial Jobless Claims cushion the USD. Weak Chicago PMI figures...
The New Zealand Dollar weakens in its most traded pairs after weak consumer confidence data. The New Zealand economy suffers from the twin evils of high...
NZD/USD is expected to see more downside due to multiple headwinds. Investors remain uncertain ahead of the US core PCE inflation for February. A breakdown of...
NZD/USD hovers around 0.6000 in Tuesday’s early Asian session. The US February New Home Sales came in at -0.3% MoM vs. 1.7% gain in January, weaker...
NZD/USD gains ground around 0.5995 amid the softer USD. Fed’s Bostic said he expected just one rate cut this year due to persistent inflation and robust...
Indicators flash oversold conditions on the daily chart. Contrarily, hourly chart indicators suggest a slow return of bullish impulse as the bears might have run out...
The New Zealand Dollar is trading lower in most pairs as the country’s economic growth stutters. Bearish technicals, showing a breakout from a price pattern, add...
NZD/USD pair loses ground after mixed PMI data from the United States. US Dollar strengthens despite lower US Treasury yields. New Zealand’s Trade Balance improved to...
NZD/USD could test the psychological support of 0.6100 on Thursday. Technical analysis indicates a bearish momentum for the pair. The area around the 23.6% Fibonacci retracement...
New Zealand’s Gross Domestic Product (GDP) contracted another -0.1% in the fourth quarter, recovering from the previous quarter’s -0.3% but missing the median market forecast of...
NZD/USD falls to 0.6040 as dismal market sentiment dampens the appeal of risky assets. The US Dollar consolidates ahead of the Fed’s policy meeting. The NZ...
The daily RSI shows a rise in selling traction, supported by the MACD depicting growing red bars. The hourly RSI indicates oversold conditions, signaling a potential pullback...