Stalemate for the Kiwi bulls and bears .
Trading week at a glance - NZD/USD is up to 0.6263, after closing yesterday at zero. Overall, a 0% move or 6,262 pips this week. (Trade the Kiwi with FXTM now).
Mar. 23, 2023
Strong sentiment sees the Kiwi posting 0.62% gain
Live - Updated 29 minutes ago.After closing the previous trading day at 0.6224, the Kiwi is up to 0.6263, which makes for a move of 0.62%/38 pips today.
Bollinger Band® analysis indicates that current price action is approaching the upper band at 0.6304, thereby suggesting that NZD/USD is becoming overvalued.
After posting consistent gains as part of its uptrend and being lifted by intraday sentiment, technical factors suggest the New-Zealand Dollar is set for a reversal in the coming days.
While the Kiwi is up today, these currencies are lagging behind: EUR/NZD is down to 1.7346, losing 104 pips, after closing at 1.745 in the preceding trading session. GBP/NZD closed at 1.9621 (down 0.48%). EUR/JPY is down to 141.94, losing 76 pips, after closing at 142.7 in the preceding trading session.
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