NZD/USD Live News

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

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Jan. 24, 2022

The New-Zealand Dollar holds at 0.67

Live - Updated 51 minutes ago.

After dipping down to 0.6696, the Kiwi regains earlier losses and reaches 0.67.

United States Services PMI published today at 2:45 PM came out at 50.9, falling short of the 55 projections and continuing its decline from the previous 57.6 figure. United States Manufacturing PMI published today at 2:45 PM came out at 55, falling short of the 56.7 projections and continuing its decline from the previous 57.7 figure. United States Composite PMI released today at 2:45 PM with a figure of 50.8, while the previous figure was 57.

In terms of trend indicators, we can see that the CCI indicator is below -100. When the CCI (Commodity Channel Index) is at this level it means the price is below the average price as measured by the indicator, indicating a possible start of a new downtrend. Asset volatility analysis shows that the New-Zealand Dollar's lower Bollinger band is at 0.669, indicating further gains might be next. As the day reaches an end a chart visual study suggests the nearest resistance level is at 0.6858.

Overall, the technical analysis picture suggests the New-Zealand Dollar is neutral for the immediate future, with no clear-cut direction.

The Kiwi shows positive signs, other assets are also on par: EUR/NZD traded above the 1.69 level for the first time in 5 months and a half. GBP/NZD rallied above 2.0222 for the first time in 1 year (gaining 1 pips). It later dropped, erasing today's gains, and is currently trading lower at 2.0139.

At the same time, EUR/AUD broke through the 1.5851 resistance.

The market is looking forward to the release of new data: New Zealand Balance of Trade is projected to outperform its last figure with -700,000,%. It previously stood at -864,000,%; data will be released tomorrow at 9:45 PM. Projections for United States Consumer Confidence are set for a continuation of decline with 111.8 while previous data was 115.8; data will be released tomorrow at 3:00 PM.

The New-Zealand Dollar is having a rough year so far losing 1.73%.

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Week to date

After ending Friday at 0.67, the New-Zealand Dollar draws back to 0.67 (down 10 pips) .

A bearish end to the trading week, NZD/USD slides down from 0.6711 to 0.67 today, losing 10 pips (0.18%). (Start trading the Kiwi at FXTM today).

Data for United States Crude Oil Inventories released Thursday comes out at 515,000, beating projections of -938,000 and showing improvement over the preceding figure of -4.55 million. Data for United States Philadelphia Fed Manufacturing Index (Jan) released Thursday comes out at 23.2, beating projections of 20 and showing improvement over the preceding figure of 15.4.

In contrast, positive data for the Kiwi reported earlier when United States Existing Home Sales published Thursday came out at 6.18 million, falling short of the 6.44 million projections and continuing its decline from the previous 6.48 million figure. United States Initial Jobless Claims published Thursday came out at 286,000, falling short of the 220,000 projections and continuing its decline from the previous 231,000 figure.

Meanwhile, New Zealand Business NZ PMI (Dec) released Thursday with a figure of 53.7, while the previous figure was 50.6.

Outlook for rest of the week: The market will keep its eye on the following upcoming macroeconomics indicators: New Zealand Balance of Trade is projected to outperform its last figure with -700,000,%, having previously been at -864,000,%. The figure will be published tomorrow at 9:45 PM. New Zealand Consumer Price Index is projected to outperform its last figure with 5.6%. It previously stood at 4.9%; data will be released Wednesday. United States GDP is projected to outperform its last figure with 5.4. It previously stood at 2.3; data will be released Thursday.