{"id":178941,"date":"2023-10-22T15:15:38","date_gmt":"2023-10-22T09:45:38","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=178941"},"modified":"2023-10-22T15:15:38","modified_gmt":"2023-10-22T09:45:38","slug":"nzd-usd-continues-to-test-into-2023-lows-a-drop-to-0-5800-could-be-on-the-cards-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/nzd-usd-continues-to-test-into-2023-lows-a-drop-to-0-5800-could-be-on-the-cards-crypto-news\/","title":{"rendered":"NZD\/USD continues to test into 2023 lows, a drop to 0.5800 could be on the cards &#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 is trading into the low end as the Kiwi tests 11-month lows against the Greenback.<\/strong><\/li>\n<li><strong>NZ Trade Balance figures saw little play as the numbers showed little change, for better or for worse.<\/strong><\/li>\n<li><strong>New Zealand&#8217;s Labour Day holiday on Monday will have Kiwi traders focusing on Tuesday&#8217;s US PMI release.<\/strong><\/li>\n<\/ul>\n<p>The NZD\/USD is testing the waters near 0.5830, trading flat for Friday and stuck to the bottom end in the near-term. New Zealand&#8217;s Trade Balance figures on Thursday did little to spark faith in the NZD, while broader markets continue to focus on Federal Reserve (Fed) talking points.<\/p>\n<p>New Zealand&#8217;s Trade Balance showed little change in the import-export balance for the small Antipodean nation, with September&#8217;s annualized Trade Balance printing at $-15.33B compared to August&#8217;s $-15.52B.<\/p>\n<p><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/news\/new-zealand-trade-balance-arrives-at-1533b-yoy-in-september-vs-1552b-prior-202310192309\">New Zealand Trade Balance arrives at -$15.33B YoY in September vs. $-15.52B prior<\/a><\/p>\n<p>NZ Exports ticked down to $4.87B, with the previous figure seeing a minor downside revision to $4.97B from $4.99B, and NZ Imports likewise showed a decline alongside a revision; NZ Imports for September printed at $7.2B versus August&#8217;s $7.24B (revised from $7.28B).<\/p>\n<p>New Zealand will be taking a long weekend with Kiwi markets dark on Monday for the Labour Day holiday, and the next major datapoint for <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/currencies\/nzdusd\">the NZD\/USD pair<\/a> will be Tuesday&#8217;s US Preliminary Purchasing Manager Index (PMI) reading for September, where markets are forecasting a minor downtick in both the manufacturing and services components.<\/p>\n<h2 class=\"fxs_headline_medium\">NZD\/USD Technical Outlook<\/h2>\n<p>The Kiwi remains firmly entrenched in yearly lows against the US Dollar after seeing a rejection from the 50-day Simple Moving Average (SMA) near 0.5950, and a bearish 200-day SMA is rolling lower to provide medium-term technical resistance from 0.6150.<\/p>\n<p>With the NZD\/USD trading into fresh lows for 2023, downside technical support remains thin, and a bearish extension could open up the way for an eventual challenge of 2022&#8217;s lows near the 0.5500 handle.<\/p>\n<h2 class=\"fxs_headline_medium\">NZD\/USD Daily Chart<\/h2>\n<\/p>\n<h2 class=\"fxs_headline_medium\">NZD\/USD Technical Levels<\/h2>\n<p>\u00a0<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Share: The NZD\/USD is trading into the low end as the Kiwi tests 11-month lows against the Greenback. NZ Trade Balance figures saw little play as the numbers showed little change, for better or for worse. New Zealand&#8217;s Labour Day holiday on Monday will have Kiwi traders focusing on Tuesday&#8217;s US PMI release. The NZD\/USD [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":11334,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[201,248,251,246,257,276,255,250,3528,715,252,247,253,249,256,254],"class_list":["post-178941","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-blockchain","tag-bsc","tag-chainlink","tag-coin","tag-cryptocurrency","tag-currencies","tag-gta","tag-looks-rare","tag-newzealand","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\/178941","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=178941"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/178941\/revisions"}],"predecessor-version":[{"id":178942,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/178941\/revisions\/178942"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/11334"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=178941"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=178941"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=178941"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}