{"id":150270,"date":"2023-09-05T22:36:22","date_gmt":"2023-09-05T17:06:22","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=150270"},"modified":"2023-09-05T22:36:22","modified_gmt":"2023-09-05T17:06:22","slug":"nzd-usd-plunges-to-lows-since-november-2022-below-0-5900-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/nzd-usd-plunges-to-lows-since-november-2022-below-0-5900-crypto-news\/","title":{"rendered":"NZD\/USD plunges to lows since November 2022 below 0.5900 &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div id=\"fxs_article_content\">\n<p>\n                        <span class=\"fxs_socialmedia_bar_share_label\">Share:<\/span><\/p>\n<ul>\n<li><strong>The NZD\/USD lost nearly 1%, falling below the key level of 0.5900.<\/strong><\/li>\n<li><strong>The USD benefits from a cautious market sentiment.<\/strong><\/li>\n<li><strong>Factory orders decreased in the US in July at a higher pace than expected.<\/strong><\/li>\n<li><strong>The RBA held rates steady, just as expected.<\/strong><\/li>\n<\/ul>\n<p>The NZD\/USD faced selling pressure mainly driven by a stronger USD in a cautious market environment. \u00a0The US reported weak Factory Orders from July, which declined faster than expected but didn\u2019t stop the Greenback\u2019s momentum. On the other hand, alongside the AUD, the NZD is the worst performer of the session after the Reserve Bank of Australia (RBA) decided to hold rates steady at 4.10%, just as expected.<\/p>\n<p>No relevant data will be released for the US for the rest of\u00a0the session, but its DXY index climbed to a multi-month high of 104.80 as the Greenback benefits from a cautious <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/technical-analysis\/sentiment\">market sentiment<\/a>. In that sense, markets await fresh catalysts to continue placing their bets on the next Federal Reserve (Fed) decisions. The World Interest Rates Probabilities (WIRP) suggests that markets still foresee some possibilities of the Fed pursuing an additional 0.25% tightening by the December meeting, with the target rate ultimately reaching 5.75%.<br \/>\u00a0<br \/>The New Zealander <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/economic-calendar\/united-states\">calendar<\/a> was also empty on Tuesday. Meanwhile, the Interest Rates Probabilities (WIRP) tool suggests that investors are firmly convinced that the Reserve Bank of New Zealand (RBNZ) will not announce any rate increases leading up to the February meeting and will keep rates stable at 5.5%. In that sense, if the <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/macroeconomics\/central-banks\/fed\">Fed<\/a> doesn&#8217;t end its tightening cycle, monetary policy divergences may continue to weaken the NZD.<\/p>\n<h2 class=\"fxs_headline_medium\">NZD\/USD Levels to watch\u00a0<\/h2>\n<p>\u00a0Analyzing the daily chart, the NZD\/USD technical outlook is bearish in the short term. The Relative Strength Index (RSI) is comfortably positioned below its midline in negative territory. It has a southward slope, indicating a favourable selling momentum and it\u00a0is further supported by the negative signal from the Moving Average Convergence Divergence (MACD), which displays red bars, underscoring the growing bearish momentum. Moreover, the pair is below the 20,100 and 200-day Simple Moving Averages (SMAs), indicating that the sellers dominate the broader perspective.<\/p>\n<p>\u00a0Support levels: 0.5850, 0.5830, 0.5800.<\/p>\n<p>\u00a0Resistance levels: 0.5900, 0.5950 (20-day SMA), 0.5970.<\/p>\n<h2 class=\"fxs_headline_medium\">\u00a0NZD\/USD Daily Chart<\/h2>\n<h2 class=\"fxs_headline_medium\"><\/h2>\n<h2 class=\"fxs_headline_medium\">\u00a0<\/h2>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Share: The NZD\/USD lost nearly 1%, falling below the key level of 0.5900. The USD benefits from a cautious market sentiment. Factory orders decreased in the US in July at a higher pace than expected. The RBA held rates steady, just as expected. The NZD\/USD faced selling pressure mainly driven by a stronger USD in [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":16080,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[201,248,251,246,257,255,250,715,252,247,253,249,256,254],"class_list":["post-150270","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-blockchain","tag-bsc","tag-chainlink","tag-coin","tag-cryptocurrency","tag-gta","tag-looks-rare","tag-nzdusd","tag-oracle","tag-polygon","tag-quickswap","tag-safe-moon","tag-wallet","tag-wordpress"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/150270","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=150270"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/150270\/revisions"}],"predecessor-version":[{"id":150272,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/150270\/revisions\/150272"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/16080"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=150270"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=150270"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=150270"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}