NZD/USD Live News

This page provides live coverage and news analysis on the NZD/USD currency pair

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Nov. 27, 2020

New-Zealand Dollar goes back up to June 2018 levels, reaching 0.7041

(23:33) GMT

After opening at 0.7005, NZD/USD reached 0.7041, breaking a 2 year record. Later, it lost 13 pips and is now trading at 0.7027.

The Kiwi nearest resistance level is too vague to call at the moment, nearest support level is at 0.6673. The Relative Strength Index indicates the Kiwi is in overbought condition, keep an eye out for a slowdown of gains. The upper Bollinger band is at 0.7082, indicating a negative correction might be next. Overall, looking at all the technical indicators, it seems the Kiwi is neutral for the immediate future, with no clear-cut direction.

A look at other markets shows behavior that usually indicates a green move for the New-Zealand Dollar, as the Aussie is trading around 0.739 after starting the session at 0.7357 (up 0.45%).

At the same time, EUR/NZD is trading around 1.7026 (up 22 pips).

In the meantime, Canadian dollar is getting closer and is now only zero pips from the support line at 1.3006. Dipping below it might indicate further losses are ahead. USD/SGD is trading around 1.3384.

Nov. 26, 2020

Kiwi goes back up to June 2018 levels, reaching 0.7017

(22:33) GMT

After starting the day at 0.7006, NZD/USD rallied to 0.7017, hitting its highest point in 2 years, It later lost nine pips and is now trading at 0.7007

This in-between state for New-Zealand Dollar is reflected by market data published as New Zealand Balance of Trade released on Wednesday at 9:45 PM with a figure of -1, This is better than the previous number of -1017. United States Crude Oil Inventories published on Wednesday at 3:30 PM came out at -0.754, falling short of the 0.127 projections and continuing its decline from the previous 0.768 figure. United States Initial Jobless Claims fell short of the 730 projections, at 778 and continued its downward trajectory from the previous figure of 748.

The New-Zealand Dollar's nearest resistance level is too vague to call at the moment, nearest support level is at 0.6673. The Relative Strength Index indicates Kiwi is in overbought condition. The upper Bollinger band is at 0.7076, indicating a downward move might be next. Overall, looking at all the technical indicators, it seems Kiwi is neutral for the immediate future, with no clear-cut direction.

Meanwhile, mixed performances are seen elsewhere, as after a 2 month hiatus, Australian dollar is back at 0.7378 levels. USD/SGD went down to 1.3385 (13 pips). The Canadian Dollar is trading around 1.3017 (up 17 pips). EUR/AUD is trading around 1.6188.

Nov. 25, 2020

New-Zealand Dollar goes back up to June 2018 levels, reaching 0.7018

(22:33) GMT

After starting the day at 0.6977, NZD/USD rallied to 0.7018, hitting its highest point in 2 years, It later lost eight pips and is now trading at 0.701

The Kiwi green move takes place amid mixed market indicators – United States Crude Oil Inventories published today at 3:30 PM came out at -0.754, falling short of the 0.127 projections and continuing its decline from the previous 0.768 figure. United States Initial Jobless Claims published today at 1:30 PM came out at 778, falling short of the 730 projections and continuing its decline from the previous 748 figure.

Meanwhile, released today at 9:45 PM, New Zealand's Balance of Trade showed an uptick coming in at 2190, up from the previous number of 1710.

The New-Zealand Dollar's nearest resistance level is too vague to call at the moment, nearest support level is at 0.6673. The Relative Strength Index indicates the New-Zealand Dollar is in overbought condition. The upper Bollinger band is at 0.706, indicating a negative correction might be next. Overall, looking at all the technical indicators, it seems Kiwi is neutral for the immediate future, with no clear-cut direction.

A look at other markets shows behavior that usually indicates a green move for Kiwi, as USD/SGD drops to 1.3397 (19 pips). EUR/NZD went down to 1.7 (49 pips).

In the meantime, Aussie/Dollar rallied beyond 0.7376 for the first time in 2 months. The Canadian dollar is trading around 1.3003.

Nov. 24, 2020

Kiwi goes back up to June 2018 levels, reaching 0.7008

(22:33) GMT

After opening at 0.6923, NZD/USD reached 0.7008, breaking a 2 year record. Later, it lost 29 pips and is now trading at 0.6978.

The Kiwi green move took place amid mixed market indicators – United States Consumer Confidence fell short of the 98 projections, at 96.1 and continued its downward trajectory from the previous figure of 101.4.

Meanwhile, data for United States S&P/CS HPI Composite – 20 n.s.a. (YoY) (Sep) released today at 2:00 PM came out at 6.6, beating projections of 5.1 and showing improvement over the preceding figure of 5.3. Data for the United States Manufacturing PMI released on Monday at 2:45 PM came out at 56.7, beating projections of 53 and showing improvement over the preceding figure of 53.4.

The New-Zealand Dollar's nearest resistance level is too vague to call at the moment, nearest support level is at 0.6673. The Relative Strength Index indicates the New-Zealand Dollar is in overbought condition. The upper Bollinger band is at 0.7054, indicating a negative correction might be next. Overall, looking at all the technical indicators, it seems Kiwi is neutral for the immediate future, with no clear-cut direction.

A look at other markets shows behavior that usually indicates a green move for the New-Zealand Dollar, as the Canadian Dollar went down to 1.2996 (84 pips). EUR/AUD went down to 1.6159 (87 pips). The Singapore Dollar went down to 1.3415 (21 pips).

In the meantime, new 2 month high for the Australian dollar at 0.7369.

The market is looking forward to New Zealand's Balance of Trade , expected tomorrow at 9:45 PM. United States Crude Oil Inventories are projected to come out at -0.333 – worse than previous data of 0.768, Data will be released tomorrow at 3:30 PM. United States Initial Jobless Claims projected to outperform last figure with 730 while it previously stood at 742, data will be released tomorrow at 1:30 PM. United States New Home Sales is projected to outperform the last figure with 970 while it previously stood at 959, data will be released tomorrow at 3:00 PM.

Nov. 23, 2020

New-Zealand Dollar goes back up to December 2018 levels, reaching 0.697

(22:33) GMT

After starting the day at 0.6934, NZD/USD rallied to 0.697, hitting its highest point in 1 year, It later lost 48 pips and is now trading at 0.6922

Meanwhile, New Zealand Retail Sales was released on Sunday at 9:45 PM with a figure of 28, This is better than the previous number of -14.6. Data for the United States Manufacturing PMI released today at 2:45 PM came out at 56.7, beating projections of 53 and showing improvement over the preceding figure of 53.4. The United States Services PMI came out at 57.7, above the estimate of 55. This is also a step forward from the previous data of 56.9.

The Relative Strength Index indicates Kiwi is in overbought condition. The Kiwi's nearest support level is at 0.6673, followed by 0.6581 at the next level.

Taking a wider perspective, performance of these other symbols usually suggests a setback for the New-Zealand Dollar as the Singapore Dollar is trading around 1.3448 (up 14 pips).

Positive performance can be seen looking at other symbols as the Canadian Dollar drops to 1.308 (13 pips).

At the same time, Australian dollar hit 0.7339, highest rate in 2 months. EUR/AUD is trading around 1.6244.

The market will be looking forward to the upcoming release of the following indicators: New Zealand RBNZ Financial Stability Report is expected tomorrow at 8:00 PM. United States Consumer Confidence looks to be getting worse with an expected 98 while the preceding figure was 100.9, New data will be out tomorrow at 3:00 PM. The United States's new S&P/CS HPI Composite – 20 n.s.a. (YoY) (Sep) data will be available tomorrow at 2:00 PM. Data is expected to decline to five from its previous value of 5.2. United States FOMC Member Bullard's speech is scheduled for tomorrow at 4:00 PM.